AutoLabs will conduct research and work to incorporate AI and ML into DeFi.
In January 2023, Autofarm made public their intention to secure a privately funded strategic investment round of $5 million.
This round of fundraising is in line with the progress Autofarm is making in the integration of advanced Artificial Intelligence (AI) and Machine Learning (ML) technologies. This progress is being made possible by the establishment of AutoLabs, an in-house research division dedicated to exploring the integration of AI/ML technologies.
This internal research division’s mission is to provide Autofarm’s products with the capability to analyze real-world data in a dynamic manner, locate potentially lucrative opportunities, and make decisions on their own regarding the optimal distribution of assets across multiple blockchain networks.
In addition, not only does this investment ensure the long-term viability of the Autofarm ecosystem, but it also commits to the development of new products and features, such as automated investment strategies powered by AI/ML algorithms, which shall assist users in maximizing returns in the frenetic world of decentralized finance. This also helps Autofarm achieve its aim of continuing to develop inside the ever-expanding and more competitive DeFi sector.
Overall, the incorporation of AI and ML technologies into Autofarm represents a substantial advance for the DeFi industry, and the company is thrilled to be at the front of this breakthrough. Our team is dedicated to doing research on and implementing these technologies so that we can provide our customers the most productive farming experience possible, which will be sponsored by Autofarm’s native token, AUTO.