Hey there Fire, and welcome to Artificial Superintelligence Alliance! How are you?
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So almost done? Will it be something like asi 1?
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1. Using an exchange such as Binance sell usdt for FET
2. Create ASI Wallet: https://fetch.ai/get-asi-wallet
3. Transfer FET over the Fetch.ai network to your ASI wallet
4. If this is your first time ensure you make a test transaction with a minimal amount.
5. Done
I got many scammers this is annoying
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I am no pro, but I analyzed some recent cases of supply chain and logistics digitalization by automotive manufacturers as a part of my job.
The demand for supply chain E2E traceability and real-time
optimization of routes, scheduling and logistics fleet management has been growing non-stop and is far from being saturated.
Many large manufacturers and logistics operators rely on indoor or private tech solutions - but I hope AI agents, such as ASI's, could bring another wave of disruptive innovation into this sector and make the big players more open to third-party decentralized solutions.
"Our agents coupled with their existing software means rapid export of the tech to the masses that most need it."
Love the sound of that 👍
How far are we with the supercomputer?
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The magnitude of the electric force between two protons is 2.3 10-26N. How far apart are they?
(A) 0.1 m
(B) 0.022 m
(C)3.1m
(D) 0.0057 m
E)0.48m
Freight Technologies announces reverse stock split
The reverse stock split will consolidate every twenty-five existing ordinary shares into one new share. Consequently, the total number of outstanding ordinary shares will decrease from approximately 35.8 million to about 1.43 million. This adjustment took effect on September 25, 2024.
Freight Technologies, also known as Fr8Tech, reported a 6.6% increase in revenue for the first half of 2024, totaling $8.1 million, alongside a 40% rise in gross profits year-over-year.
The company has also launched its Transportation Management System (TMS), a digital command center for logistics teams. In a significant financial move, Fr8Tech resolved outstanding promissory notes and convertible notes with Freight Opportunities LLC, thereby strengthening its balance sheet.
On the collaboration front, Fr8Tech has partnered with Bayer (OTC:BAYRY) CropScience LP to provide truckload services for the 2025 season across six essential cross-border lanes in the United States. This partnership is expected to enhance Bayer's supply chain efficiency.
Furthermore, Fr8Tech expanded its collaboration with Amazon (NASDAQ:AMZN) Mexico to include U.S.-Mexico cross-border shipping operations.
The company also reported steady growth in its Q4 2023 revenue, approximately $5 million for the quarter, marking a 7.5% increase from the previous quarter and a 16% rise from the same period in 2022. Despite potential Nasdaq delisting, these recent developments contribute to Fr8Tech's ongoing efforts to maintain a positive financial trajectory.
Not quite. While the exact details of the transaction elude me - this isn't just a freight forwarding company. The Fr8 tech lads are a software and logistics company at their core - which makes applications for the logistics industry (8-12 trillion global) US based 455 in revenue for 2024.
On average you've got about 100 000 shipments mapped as points of origin and points of destinations that need to find transport capacity (carrier company to execute them) daily. Agents solve this. They also solve the dynamic pricing of transport services.
Think of Fr8 tech as being a proxy (software company) that will help us reach truckers. Our agents coupled with their existing software means rapid export of the tech to the masses that most need it.
They're not a troubled freight company - they're a logistics and software company providing impactful products to other transport companies. They're also uniquely position to leverage our AI Agents.
So they’ve bought the compute tokens which we were supposed to have airdropped? Not $fet?
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Do you think ASI is a serious competitor?
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A lifetime ago I was a transport management lead to 10 drivers with 10 trucks organizing freight between every point of europe to every other point of Europe. Moving about 4000 tons annualized. AI Agents taking over to introduce orders of magnitudes of efficiency was obvious to me back in late 2020 early 2021 when I initially got involved in Fetch.
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my own - here they are https://x.com/NikoDMT/status/1903190692555526291
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@bengoertzel Hello Ben, are there any updates on the new roadmap?
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It would be useful if I could transfer my staked FET from SingularityiO to the ASI wallet. Possibly the ability to pull up the data in the wallet.
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I already replied on Fetch group
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How can I deposit money to fetchhub netwrok, from USDT?
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This is good news, it's really nice to see ASI tech being adopted outside of the crypto sector. I think logistics and physical supply chain optimization holds a huge potential for the AI agent tech.
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I believe it to be in transit to its final deployment location - but international movement of high end compute gear is slow - best of my knowledge its in the final phase of its travels
We should expect some decent updates maybe towards the end of the month, or early next
This is Telegram discussion channel not a LLM. You can use https://asi1.ai/
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Yet another high impact partnership emerges https://x.com/NikoDMT/status/1907404968060932337
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In simple terms Fr8 tech have begun building their own digital workforce.
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Okay, I'm not a finance person...so I will go out on a limb and ask.... with this Freight agreement, did we just give 5.2 million dollars worth of something (fet tokens) to a company in exchange for 2.3 million of something (their stock)? Why not just give them 2.9 million shares?
I'll try to anwer my own question -- Then it would not really feel like a partnership.
So, i highly doubt we would just give away 3 million dollars... so, my first question is:
What's the conversion rate for the preferred shares we just purchased at a price that is over twice their current share price?
Either we have a tremendous conversion rate and have great confidence that their share price won't plummet further than it already has.... OR,
OR, OR,
(That is 3 OR's for emphasis), we are getting in the ground floor of something so spectacular that nobody else in the world could even see it.
Maybe this troubled freight company, with a goal that aligns very well with Fetch's transportation aspirations, is going to "synergize" so well that today's 3 million will soon feel like just 3 pennies!
This freight technologies has built a nice suite of logistical tech products and they seem to already have a lot of inroads established.
In short, they are like the boots on the ground. Doing the front end work. They may have a dedicated team of almost 80 people.
So, let's understand the numbers, but let's also not be so short-sighted as a community that we F*ck up another potentially excellent partnership like we did with the proposed PAAL merger.
🙃
Quote: $5.2 million of FET Tokens
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I'll gladly share a bit more details in the coming days
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Guess this is just one of the many ways this value prop plays out - pretty bullish.
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I do have a feeling Fetch ai is soon going to have their own transportation arm 😁💪
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