Decentralized Artificial Intelligence Association (DAIS) plans to launch a regulatory pilot and venture fund in Bermuda next year

Odaily News Michael Casey, co-founder and chairman of the Decentralized AI Society (DAIS), a nonprofit focused on combining blockchain and artificial intelligence, said in an interview that the association plans to launch a regulatory pilot and launch an AI venture fund in Bermuda next year. Both initiatives are aimed at addressing the imminent threat of centralization of AI models, which is rapidly permeating society. For the AI fund, DAIS is "exploring how decentralized economic groups can effectively raise funds without falling into the same traps as traditional (venture capital) models." Casey added: "Tokenization may play an important role in enabling collective ownership and growth while avoiding centralized control." At the same time, DAIS plans to pilot a new AI regulatory model in Bermuda "to define principles that can accommodate decentralized organizations." (Cointelegraph)