Deutsche Telekom signed a memorandum of understanding (MoU) for partnership with its T-Labs division and Fetch.AI.
Under the agreement, T-Labs and technology start-up Fetch.AI, which is based in Cambridge, UK, will research, build and deploy what they call “autonomous economic agents” on the Fetch.AI test network.
They will investigate how such agents can be built into Internet of Things (IoT) devices to provide them with the authority and autonomy to be self-organising and free of human intervention.
T-Labs and Fetch.AI say they want to “remove the roadblocks [to] a seamless machine-to-machine (M2M) economy.”
They will focus on digital identity, trusted environments for autonomous agents and developing the technologies necessary to seamlessly establish qualifications and capabilities – including decentralised computing and artificial intelligence.
Getting it done
John Calian, Senior Vice President and head of T-Labs, said, “We've really enjoyed seeing Fetch.AI's technology grow and develop and it's really exciting to be able to actually get things done: put agents into things and see how collective knowledge and self-organising systems can deliver value where no value existed before.
“Agent-based systems are a powerful concept for optimising and being optimised by a modern data network and we're greatly looking forward to continuing to build and deploy things that really make a difference now.”
Toby Simpson, CTO and Co-founder of Fetch.AI, added, “It has been a pleasure to work with T-Labs over the last year looking at how we can bring the communications network of the future to life: powering autonomous economic agents to bring solutions to today’s problems that will make a significant difference to all of our everyday lives.
“This MOU…reinforces our commitment to work closely and combine our expertise and experience to bring this to reality sooner than any of us had previously imagined.”