Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor (CoinDesk)
CoinDesk—Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor’s decentralized AI ecosystem.
DCG chief and Yuma CEO Barry Silbert said he believes Bittensor could be as transformative as bitcoin.
Barry Silbert
Yuma will operate as an accelerator for startups looking to explore Bittensor, and as an incubator to partner up and build subnets, Digital Currency Group (DCG), an early champion of cryptocurrencies and the digital asset industry, is now turning its attention to AI as well. Not just any artificial intelligence, but a decentralized version that drives the Bittensor ecosystem.
The conglomerate led by Barry Silbert has unveiled a new company, Yuma, focused on incubating and building new businesses that use decentralized AI to perform tasks and earn rewards.
At its core, Bittensor is a decentralized network for AI that creates incentives for people to contribute data and computing power for activities ranging from text translation and data storage to predicting the structure of complex protein chains.
“If you ask five people: 'What is Bittensor?' You will get five different answers,” Silbert, a cryptocurrency OG investor and evangelist, said in an interview. “If you remember early bitcoin, some people would say it's money, some people would say it's gold. Some people would say it's this blockchain [...] The way that I look at Bittensor is as the World Wide Web of AI.”
