Mike Casey and Peter Thiel Advocate for Decentralized AI to Counter $15T Tech Giants

Mike Casey, Chairman of The Decentralized AI Society, argues that traditional venture capital lacks the capacity to support decentralized AI initiatives capable of challenging major tech firms, collectively referred to as 'The Six,' which command a market value of approximately $15 trillion. In a recent opinion piece for CoinDesk, Casey emphasizes the necessity of replacing conventional equity financing with user-owned, token-based systems to empower decentralized AI. He warns against the risks of allowing centralized power to dominate the future of AI technology. Additionally, Peter Thiel has voiced concerns regarding the potential for a totalitarian global governance structure in AI, advocating for open-source and decentralized approaches to mitigate this risk.