Digital Currency Group (DCG) announced Yuma is a new subsidiary dedicated to accelerating startups that build distributed intelligence projects using Bittensor's infrastructure.
According to a company statement, the move is a strategic foray into the convergence of cryptocurrency and artificial intelligence (AI), two areas aiming for exponential growth.
DCG Founder and CEO Barry Silbert will lead Yuma to provide startups and enterprises with the capital, infrastructure, and technical expertise they need to develop applications on Bittensor's decentralized open AI network. We are aiming for
Mr Silbert said:
“Just as Bitcoin revolutionized transparent and borderless money, we are now entering the era of decentralized intelligence. Yuma is empowering startups and enterprises to deploy innovative ideas with Bittensor. We will provide resources and create an innovative AI platform that is accessible to everyone.”
Create with Bittensor
Bittensor is a decentralized AI network that enables contributors around the world to create, train, and access machine learning (ML) models in an open marketplace. The goal of the Yuma Consensus (YC) mechanism is to use the native token TAO to measure and reward contributions fairly.
Projects within the network operate as “subnets,” each specialized in AI and ML services such as text generation, translation, and data storage.
Yuma is actively participating in Bittensor as a whole as a validator, miner, and subnet developer. The company is currently the third largest validator on the network, supporting a variety of subnets including text-based AI tools and financial services.
As a result, the new DCG subsidiary will act as a subnet accelerator and incubator, streamlining projects and providing technical and strategic guidance.
Grayscale Corporation is another parent company of DCG. launched It launched a decentralized AI fund in July that tracks cryptocurrencies such as TAO, Filecoin (FIL), Livepeer, Near Protocol (NEAR), and Render (RENDER).
Less than a month later, the asset manager created The company believes that Bittensor is at the heart of the advancement of decentralized AI, so it is a trust completely focused on TAO.
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