"AO, a new Arweave-based protocol for AI applications, has attracted over $158 million in contributions within a week of its 'fair launch'. AO allows AI applications to run on the blockchain, making it possible to run large language models inside smart contracts. More part of the contributions, $48 million, was attracted by the AO token. The success of AO is explained by the industry's hunger for new technological solutions. The AO token was launched without the participation of venture capitalists, pre-sale or pre-mining, 100% of the supply of tokens was distributed among the community."