Imperial College London has forged a strategic alliance with AI startup FluidAI to address critical challenges in the cryptocurrency market, with a particular focus on liquidity aggregation.The collaboration between Imperial College London and FluidAI aims to enhance the tokenized market for institutions, trading platforms, and retail investors.
FluidAI, led by CEO Ahmed Ismail, considers liquidity aggregation as one of the most pressing issues in the cryptocurrency space. Ismail emphasized that traditional financial solutions for market aggregation rely on low-latency technology, enabling swift delivery of the best prices. However, such a solution does not exist in the crypto market due to its cloud-based, decentralized nature.
To tackle this challenge, FluidAI leverages artificial intelligence (AI) to eliminate latency through prediction. This approach aims to provide the best bid and ask prices in the market, improving connectivity between platforms and liquidity providers or exchanges.
Imperial College London, a prestigious institution in the United Kingdom, houses the Centre for Cryptocurrency Research and Engineering, which conducts research and engages in practical applications related to cryptocurrencies and blockchain technology. The United Kingdom has been progressively positioning itself to embrace AI-powered tools and technologies across its industries.
In August, the government announced a $130 million investment in AI chips to establish an AI resource. This initiative reflects the global trend of countries seeking resources to sustain and advance their AI capabilities.
A recent report highlighted that nearly 20% of companies lack access to sufficient computing power for AI applications. In June, British Prime Minister Rishi Sunak revealed agreements with tech giants like Google, OpenAI, and Anthropic to provide the UK with early access to their AI models, showcasing the nation’s commitment to advancing AI innovation.