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

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Ahmad Shadid, founder of Io.net, has invested $130 million of his personal funds to develop a Decentralized AI Managed Organization (DeAIO) through O.XYZ, according to a Dec. 7 statement shared with Crypto Briefing. The project aims to create a self-governing AI system operating independently of corporate control.

Shadid previously served as the CEO of Io.net, where he was involved in similar initiatives before stepping down amid allegations regarding the company’s operations.

He later founded O.XYZ, aiming to leverage substantial GPU computing power and open-source AI models to create a platform that serves humanity rather than being controlled by centralized entities.

The new investment will support O.XYZ’s development of what it calls an “AI CEO,” designed to oversee decisions and coordinate network contributors.

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

The DeAIO framework allows contributors to vote on AI decisions and receive rewards for participation. An early prototype of the system is currently operational, demonstrating O.XYZ’s organizational structure.

O.XYZ’s infrastructure includes terrestrial (ATLAS), orbital (ORBIT), and maritime (PACIFIC) nodes to maintain operation beyond single-entity control.

“By decentralizing ownership, O.XYZ safeguards AI development from political agendas and corporate pressures,” Shadid said. “Our sovereign infrastructure ensures that AI remains a force for humanity, not control.”

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