Home Cryptocurrency Io.internet founder invests $130M in AI crypto startup O.XYZ, targets decentralized AI...

Io.internet founder invests $130M in AI crypto startup O.XYZ, targets decentralized AI system improvement

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Key Takeaways

  • Ahmad Shadid has invested $130 million in O.XYZ to develop a decentralized AI system known as DeAIO.
  • The DeAIO framework permits contributors to vote on AI choices and obtain rewards.

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Ahmad Shadid, founding father of Io.internet, has invested $130 million of his private funds to develop a Decentralized AI Managed Group (DeAIO) via O.XYZ, based on a Dec. 7 assertion shared with Crypto Briefing. The challenge goals to create a self-governing AI system working independently of company management.

Shadid beforehand served because the CEO of Io.internet, the place he was concerned in comparable initiatives earlier than stepping down amid allegations concerning the corporate’s operations.

He later based O.XYZ, aiming to leverage substantial GPU computing energy and open-source AI fashions to create a platform that serves humanity slightly than being managed by centralized entities.

The brand new funding will assist O.XYZ’s improvement of what it calls an “AI CEO,” designed to supervise choices and coordinate community contributors.

“In a future the place Tremendous AI exists it ought to belong to the folks to empower them—to not firms that need to management them,” Shadid stated. “By constructing a decentralized AI system, we’re making certain this transformative know-how works for humanity, not shareholder earnings.”

The DeAIO framework permits contributors to vote on AI choices and obtain rewards for participation. An early prototype of the system is presently operational, demonstrating O.XYZ’s organizational construction.

O.XYZ’s infrastructure contains terrestrial (ATLAS), orbital (ORBIT), and maritime (PACIFIC) nodes to take care of operation past single-entity management.

“By decentralizing possession, O.XYZ safeguards AI improvement from political agendas and company pressures,” Shadid stated. “Our sovereign infrastructure ensures that AI stays a power for humanity, not management.”

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