According to Odaily, the AI application protocol AO, based on Arweave, has attracted over $158 million in funding within a week of its fair launch. AO is a new protocol established on Arweave's permanent data storage layer. It enables parallel application operation through a decentralized computing model.

In addition to this, it also allows AI applications to run on-chain, enabling large language models to operate within smart contracts. This development marks a significant step forward in the integration of AI and blockchain technology, demonstrating the potential for decentralized computing models in facilitating advanced technological applications.