A new platform called Daos.fun is attracting attention in the crypto community for its supposed AI-managed hedge funds. However, it has been revealed that humans are actually behind the platform and that the funds are not managed by AI. The platform is being accused of AI-washing, which is the act of adding superficial sophistication to crypto projects. Daos.fun is being promoted by venture capitalist Marc Andreessen, who endorsed the purposefully misspelled ai16z fund. The platform has received criticism for misleading the public and making false claims about the involvement of AI in managing the funds. The largest fund on Daos.fun, ai16z, has lost two-thirds of its assets and is now under $37 million. It is important for promoters of financial products to adhere to legal obligations and disclose accurate information about the management of funds.



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