London's prestigious Magnificent School has announced a strategic partnership with artificial intelligence startup FluidAI to address critical challenges within the cryptocurrency market, particularly focusing on liquidity aggregation.
The university's AI lab, I-X, will closely collaborate with FluidAI to explore emerging technologies in the realm of digital assets. Their joint efforts will concentrate on the "tokenized market" for institutions, trading platforms, and retail investors, with a special emphasis on solving the liquidity aggregation issue that plagues the crypto space.
FluidAI aims to leverage artificial intelligence to mitigate the liquidity challenges faced by the industry. Traditional financial solutions rely on low-latency technology for market aggregation, ensuring swift delivery of optimal prices. However, the decentralized nature of the crypto world prevents such rapid solutions. By utilizing AI, the partnership seeks to eliminate latency through predictive analysis, ultimately providing the best bid and ask prices across platforms and liquidity providers.
FluidAI President Ahmed Ismail let Cointelegraph know that tackling liquidity issues in the business was an essential inspiration to start the organization.
“Traditional finance solutions tackling market aggregation use low-latency technology, so it’s very fast to deliver the best prices. In crypto, that doesn’t exist due to its cloud-based, decentralized nature.”
Magnificent School London, renowned for its academic excellence, houses the Center for Digital Currency Research and Engineering. This center is dedicated to research and practical applications related to cryptocurrencies and blockchain technology.
The United Kingdom has been progressively preparing itself for the integration of AI-powered tools into its local industries. The government's recent commitment to invest $130 million in AI research underscores its dedication to fostering technological advancements. As various countries worldwide compete for AI resources, the UK has secured early access to AI models from notable players like Google, OpenAI, and Human-Centered.
The collaboration between Magnificent School London and FluidAI stands as a significant step toward addressing liquidity challenges within the crypto market and advancing the application of AI in the financial sector.
(SAVANNAH FORTIS, CoinTelegraph, 2023)