Fetch.ai is based in Cambridge, UK and has built an impressive team of talent with experience from DeepMind, Siemens, Sony, and a number of esteemed academic institutions. The company is working on decentralised autonomous “agents” which perform real-world tasks.

FESTO was founded in 1925 and currently produces and sells pneumatic and electrical control and drive technology. The company has continued to thrive over the years through consistent reinvention and likes to show off around once a year by developing bionic robots like its ‘flying fox’ which uses machine learning to optimise its flight behaviour with every manoeuvre:

The partnership with Fetch.ai is FESTO’s first foray into blockchain and shows how the company aims to remain at the cutting-edge of technological developments.

Fetch.ai will develop a decentralised manufacturing marketplace for FESTO to help transform the company’s existing control systems and make them more efficient.

Maria Minaricova, Director of Business Development at Fetch.ai, said:

“We are delighted to be able to announce a collaboration with such an advanced technology company like FESTO.

With FESTO’s contribution, we will be able to demonstrate in real life the benefits of autonomous AI agents in manufacturing and supply chain.

We look forward to working further with FESTO to bring about the wide adoption of these ground-breaking manufacturing innovations.”

The marketplace will make use of Fetch.ai’s technology stack and its ‘Multi-Agent’ architecture. FESTO hopes the marketplace will help to avoid some of the challenges with existing centralised manufacturing process likes demand fluctuations and uneven utilisation of capacity.

Fetch.ai explained the advantages of switching to a decentralised solution:

“The advantages of an agent-based-approach within a decentralised manufacturing framework have the potential to lead to supply-chain optimisation based on real-time information, increasing the responsiveness of the enterprise to the market requirements, a higher degree of autonomy in manufacturing, and delivering personalised, tailored orders to customers.”

A report from TrendMicro last year found that 65 percent of manufacturing environments are using outdated systems even when more secure and efficient options are available.

“Industry 4.0 offers unparalleled opportunities to increase productivity, enhance process efficiencies, and realise on-demand manufacturing,” said Steve Quane, Executive Vice President, Network Defense and Hybrid Cloud Security for Trend Micro.

Interested in hearing industry leaders discuss subjects like this? Attend the co-located 5G Expo, IoT Tech Expo, Blockchain Expo, AI & Big Data Expo, and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London, and Amsterdam.

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British chip designer ARM’s technology is at the heart of most mobile devices. Meanwhile, Nvidia’s GPUs are increasingly being used for AI computation in servers, desktops, and even things like self-driving vehicles.

However, Nvidia was most interested in ARM’s presence in edge devices—which it estimates to be in the region of 180 billion.

Jensen Huang, CEO of Nvidia, said:

“ARM is an incredible company and it employs some of the greatest engineering minds in the world. But we believe we can make ARM even more incredible and take it to even higher levels.

We want to propel it — and the UK — to global AI leadership.”

There were concerns Nvidia’s acquisition would lead to job losses, but the company has promised to keep the business in the UK. The company says it’s planning to hire more staff and retain ARM’s iconic brand.

Nvidia is going further in its commitment to the UK by opening a new AI centre in Cambridge, which is home to an increasing number of exciting startups in the field such as FiveAI, Prowler.io, Fetch.ai, and Darktrace.

“We will create an open centre of excellence in the area once home to giants like Isaac Newton and Alan Turing, for whom key NVIDIA technologies are named.

Here, leading scientists, engineers and researchers from the UK and around the world will come to develop their ideas, collaborate and conduct their ground-breaking work in areas like healthcare, life sciences, self-driving cars, and other fields.”

The new centre will have five key features when it opens:

• ARM/Nvidia-based supercomputer – set to be one of the most powerful AI supercomputers in the world.
• Research Fellowships and Partnerships – Nvidia will use the centre to establish new UK-based research partnerships, expanding on successful relationships already established with King’s College and Oxford.
• AI Training – Nvidia will make its AI curriculum available across the UK to help create job opportunities and prepare “the next generation of UK developers for AI leadership”
• Startup Accelerator – With so many of the world’s most exciting AI companies launching in the UK, the Nvidia Inception accelerator will help startups succeed by providing access to the aforementioned supercomputer, connections to researchers from NVIDIA and partners, technical training, and marketing promotion.
• Industry Collaboration – AI is still in its infancy but will impact every industry to some extent. Nvidia says its new research facility will be an open hub for industry collaboration, building on the company’s existing relationships with the likes of GSK, Oxford Nanopore, and other leaders in their fields.

The UK is Europe’s leader in AI and the British government is investing heavily in ensuring it maintains its pole position. Beyond funding, the UK is also aiming to ensure it’s among the best places to run an AI company.

Current EU rules, especially around data, are often seen as limiting the development of European AI companies when compared to elsewhere in the world. While the UK will have to avoid being accused of doing a so-called “bonfire of regulations” post-Brexit, data collection regulations is likely an area which will be relaxed.

In the UK’s historic trade deal signed with Japan last week, several enhancements were made over the blanket EU-Japan deal signed earlier this year. Among the perceived improvements is the “free flow of data” by not enforcing localisation requirements, and that algorithms can remain private.

UK trade secretary Liz Truss said: “The agreement we have negotiated – in record time and in challenging circumstances – goes far beyond the existing EU deal, as it secures new wins for British businesses in our great manufacturing, food and drink, and tech industries.”

Japan and the UK, as two global tech giants, are expected to deepen their collaboration in the coming years—building on the trade deal signed last week.

Shigeki Ishizuka, Chairman of the Japan Electronics and Information Technology Industries Association, said: “We are confident that this mutual relationship will be further strengthened as an ambitious agreement that will contribute to the promotion of cooperation in research and development, the promotion of innovation, and the further expansion of inter-company collaboration.”

Nvidia’s investment shows that it has confidence in the UK’s strong AI foundations continuing to gain momentum in the coming years.

(Photo by A Perry on Unsplash)

Interested in hearing industry leaders discuss subjects like this? Attend the co-located 5G Expo, IoT Tech Expo, Blockchain Expo, AI & Big Data Expo, and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London, and Amsterdam.

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