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Oblong invested 8 million dollars in Bittensor to develop the AI network.
Oblong, a company listed on the Nasdaq, has invested 8 million USD in the Bittensor token (TAO) to support the development of a decentralized AI network. This investment was announced through a corporate filing and aligns with the company's new AI reserve strategy, marking a strategic shift in the technology and cryptocurrency sectors.
This move demonstrates the growing interest of organizations in decentralized AI, while reinforcing the role of TAO in blockchain infrastructure. Although there has been no official statement from Oblong or related parties, the TAO community has responded positively and sees this as confirmation of their decentralized vision. However, the market remains cautious as there has been no feedback from leaders or prominent figures in the industry.