Top UK University Collaborates with AI Startup to Analyze Crypto Market Dynamics

Imperial College London has taken a significant step by partnering with AI startup FluidAI, aiming to address critical challenges within the cryptocurrency market, notably liquidity aggregation.

On August 21, Imperial College London declared its collaboration with FluidAI, an artificial intelligence (AI) venture, aimed at employing cutting-edge technologies to resolve issues present in the digital asset domain.

The partnership envisions Imperial College’s AI lab, I-X, working hand in hand with FluidAI to enhance the “tokenized market” experience for institutional entities, trading platforms, and retail investors. The partnership places special emphasis on resolving the pressing matter of liquidity aggregation within the cryptocurrency ecosystem.

FluidAI’s CEO, Ahmed Ismail, conveyed that the inception of the company was largely motivated by the necessity to address liquidity concerns in the industry. Integrating AI technology into this context, Ismail emphasized, eliminates latency through predictive mechanisms. This could potentially facilitate the provision of optimal bid and ask prices within the market, from platforms to liquidity providers or exchanges.

Imperial College London holds a prestigious position as one of the UK’s premier universities and also houses the Centre for Cryptocurrency Research and Engineering. The latter institution focuses on research and application endeavors concerning cryptocurrencies and blockchain technology.

The United Kingdom has been progressively orienting itself towards incorporating AI-powered tools into its local industries. Notably, on August 21, the government disclosed plans to invest $130 million in AI chips as part of establishing a comprehensive AI resource framework.

These developments reflect a global trend where countries are vying for resources to bolster the evolution and sustainability of AI technologies. A recent report highlighted that nearly 20% of companies lack sufficient computing power to effectively employ AI.

Moreover, British Prime Minister Rishi Sunak revealed in June that tech giants like Google, OpenAI, and Anthropic had agreed to grant the UK early access to their AI models, further emphasizing the nation’s proactive stance toward AI advancements.