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U.K.-based artificial intelligence lab Fetch.ai Ltd. today announced the launch of its Mobility Framework that helps support delivery drivers by eliminating the middleman.
Fetch.ai says that although the delivery economy has boomed throughout the COVID-19 pandemic, it’s concerned that the majority of the profits in that business are being sucked up by what it calls “big tech” companies. It notes that ride-hailing companies alone generated an estimated $23.5 billion in profit in commissions from their drivers this year.
Fetch.ai said its Mobility Framework, launched today, is meant to increase the return of fees into the local economy by reducing the extraction of capital from its participants. The framework also provides more benefits to its end-users and increases productivity for drivers, the company said.