Leading UK University Collaborates with AI Startup to Address Crypto Market Challenges

David - Cryptocurrency Enthusiast

Imperial College London has unveiled a strategic partnership with FluidAI, an artificial intelligence startup, aimed at leveraging cutting-edge technologies to address significant issues within crypto asset management.

This collaboration involves Imperial College London's AI laboratory, I-X, working in tandem with FluidAI to enhance the landscape of the "tokenized market." The joint efforts seek to benefit institutions, trading platforms, and retail investors. A notable focal point of this partnership is the imperative need to tackle the issue of liquidity aggregation within the crypto space, as revealed in the announcement on August 21.

According to Ahmed Ismail, CEO of FluidAI, the driving force behind establishing the company was the aspiration to resolve liquidity challenges inherent in the crypto market investment. He emphasized that traditional financial solutions for market aggregation capitalize on low-latency technology, swiftly delivering optimal prices. However, the decentralized nature of the crypto realm negates the existence of such a mechanism.

In response to this, Ismail explained that artificial intelligence plays a pivotal role in predicting market movements, thereby circumventing latency issues. This predictive capacity of AI crypto potentially enables the provisioning of the most favourable bid and ask prices in the market, thereby streamlining interactions between platforms and liquidity providers or cryptocurrency exchange platforms.

Imperial College London holds a prominent position among the top-ranking universities in the United Kingdom. It is also home to the Centre for Cryptocurrency Research and Engineering, fostering research and practical applications related to secure cryptocurrencies and blockchain technology.

The United Kingdom has been progressively preparing itself to embrace the penetration of AI-powered tools across its industries. A government announcement on August 21 unveiled plans to allocate $130 million for the acquisition of AI chips, a move aimed at establishing a robust AI resource within the nation.

In the global landscape, many countries are fervently seeking resources to advance and sustain AI capabilities. A recent report underscored that nearly 20% of companies lack access to sufficient computing power to effectively harness AI potential.

British Prime Minister Rishi Sunak revealed in June that notable entities such as Google, OpenAI, and Anthropic have pledged early access to their AI models for the United Kingdom, underscoring the nation's efforts to remain at the forefront of AI development and innovation.