FintechFluidAI, a fintech platform operating in the tokenized market, announced Monday it has teamed up with I-X, the artificial intelligenceinitiative of Imperial College London.
This partnership is the first globally recognized university AI collaboration to be partially financed through cryptocurrency. Thejoint mission? Addressingpressing inefficiencies in the digital asset market, primarily fragmented liquidity.
The crypto realm is riddled with challenges, primarily due to liquidity fragmentation. This results in high volatility, price fluctuations, susceptibility to market manipulationand sudden market downturns. Unlike their traditional counterparts, such as equity markets, crypto markets lack the advanced infrastructure and settlement systems to counter these issues.
Ahmed Ismail, the CEO of FluidAI, expressed his enthusiasm about the collaboration: "Liquidity aggregation in crypto is a pressing financial hurdle. Our alliance with Imperial is a testament to our commitment to advancing the industry through focused R&D in pivotal areas like AI."
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Imperial College London is ranked third in the U.K. and tenth globally by the Times Higher Education World University. Its I-X initiative, launched in 2021, fosters a synergistic environment for AI, data scienceand digital tech research. Imperial's Centre for Cryptocurrency Research and Engineering aims to be a global cryptocurrency and blockchain research hub.
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Professor Peter Pietzuch of Imperial College London shared his perspective: "This collaboration with FluidAI, founded by our alumni, is a golden opportunity. We're eager to leverage I-X's generative AI prowess to explore new tech horizons together."
The last year has seen tumultuous shifts in the global cryptocurrency market, primarily due to liquidity fragmentation. This collaboration between FluidAI and I-X aims to address this significant hurdle, facilitating smoother global adoption and trading of digital assets.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Ahmed Ismail, left, CEO and co-founder ofFluidAI, andProfessor Peter Pietzuch, co-director at I-X and professor of distributed systems in the Department of Computing at Imperial College London. Courtesy photo.