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O.XYZ Receives $130 Million Funding Decentralized AI Innovation

O.XYZ has raised $130 million to create the first-ever Decentralized AI Managed Organization (DeAIO). This initiative introduces a community-driven AI system designed to operate independently of corporate influence and remain resistant to shutdowns. 

The funding round was led by the founder of IO.NET, a decentralized computing network.

New Developments in Decentralized AI Innovation

According to the exclusive press release shared with BeInCrypto, DeAIO offers a new framework for AI governance, placing an “AI CEO” at the center of its operations. 

This potential unbiased AI entity will manage decision-making, streamline development, and coordinate contributors from across the network. Community members and stakeholders have the ability to veto the AI CEO’s decisions, ensuring alignment with collective goals.

“In a future where Super AI exists it should belong to the people to empower them—not to corporations that want to control them. By building a decentralized AI system, we’re ensuring this transformative technology works for humanity, not shareholder profits,” Ahmed Shahid, the founder of IO.NET, told BeInCrypto.

The launch of O.XYZ comes as global debates around AI regulation and censorship intensify. These measures could hinder innovation and restrict public access to advanced technologies. 

O.XYZ’s decentralized AI infrastructure is built on terrestrial (ATLAS), orbital (ORBIT), and maritime (PACIFIC) nodes. This framework will potentially protect the system from control by any single authority or government.

The crypto industry saw significant AI advancements in 2024, with automated trading and asset management tools gaining popularity. Platforms like Coinbase and Replit provided developers with the resources to create bots, while tools like Near’s AI Assistant simplified decision-making for traders.

AI infrastructure developments also progressed. Decentralized autonomous chatbots (DACs), introduced by Dan Boneh and his team at a16z crypto, demonstrated the potential for greater AI autonomy.

Looking ahead, OpenAI CEO Sam Altman predicted that AI agents could enter the workforce as early as 2025. AI agents will likely transform how businesses operate by automating tasks traditionally performed by humans. 

However, skepticism remains. A recent survey of Solana founders showed that many believe AI agents are overhyped. Nevertheless, AI developments are undoubtedly the next biggest trend in the crypto industry, and investors are reflecting that notion.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Mohammad Shahid

https://beincrypto.com/decentralized-ai-oxyz-raises-130m/

2025-01-07 10:00:00

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