AI-Focused ASI Alliance Aims To Onboard Cudos As Fourth Member

The Artificial Superintelligence Alliance (ASI) collective is looking to expand its membership.

On Sept. 11, ASI announced plans to integrate Cudos, a decentralized AI cloud computing provider, as its fourth member, pending confirmation through a community vote.

The governance vote will open on Sept. 19 and conclude on Sept. 24. If passed, the CUDOS token will merge with the Superintelligence Alliance token (FET). CUDOS will merge at a ratio of roughly 118.3 CUDOS per FET after a 5% merge fee, increasing FET’s supply by 3.27% million to 2.72 billion tokens. CUDOS holders would be subject to a 3-month vesting period, while Cudos’ treasury assets will vest over 10 months

“We have an unprecedented opportunity to build the largest decentralized AI technology stack,” said Matt Hawkins, founder of CUDOS. “This partnership isn’t just about combining resources. It’s about creating an ecosystem where AI and blockchain technology can thrive, setting the stage for breakthroughs in decentralized AGI.

ASI collective

ASI was created through a merger between SingularityNET, FetchAI, and Ocean Protocol in July. The project seeks to establish a unified ecosystem accelerating the development of decentralized Artificial General Intelligence (AGI) to disrupt the prevailing dominance of centralized tech giants currently driving innovation in the artificial intelligence space.

Should the proposal go through, ASI would gain significant computational resources from the thousands of Nvidia Blackwell GPUs and NVIDIA H100 GPUs. Cudos claims to operate the hardware at half the cost compared to centralized services like Amazon AWS. FetchAI and SingularityNET already invested $153 million in GPU hardware for ASI in August.

“This integration enhances scalable computing across the Alliance, decentralizing the infrastructure to increase efficiency and reduce bottlenecks, security vulnerabilities, and other risks,” ASI said.

ASI Token Performance

On July 1, FetchAI, Ocean Protocol, and SingularityNET began their merger under the Artificial Superintelligence Alliance (ASI) banner.

At the time, Fetch.ai’s FET token was trading for $1.38 and boasted a market cap of $3.44 billion, while the capitalization of SingularityNET’s AGIX token was $761.1 million, and Ocean Protocol’s OCEAN token commanded $379 million.

The price of FET has since slumped 3.6% at $1.33, while the combined ASI market cap is down 27.7% from $4.58 billion to $3.31 billion.

Despite a 16.8% rise over the past week, the token remains 61.2% below its March all-time high of $3.45.