Digital Currency Group (DCG) has launched a new subsidiary named Yuma, focusing on artificial intelligence to support the development of the open-source Bittensor network. This move marks the integration of cryptocurrency and artificial intelligence, aiming to reduce the "top-down" development of machine learning through decentralized infrastructure. Yuma will provide funding and technical resources for both startups and established companies to build projects on Bittensor. Bittensor is a decentralized open-source network where users can run various AI models by contributing computational power and receive incentives through the TAO token. DCG founder Barry Silbert stated that Yuma will provide all the resources necessary for businesses to deploy innovative ideas. DCG has been investing in Bittensor since 2021 and has invested in several decentralized AI projects. Silbert will serve as the CEO of Yuma.

PANews reported on November 21 that Digital Currency Group (DCG) has announced the establishment of a new subsidiary, Yuma, aimed at supporting and promoting the development of the Bittensor network. Bittensor is a decentralized open network where users can create, train, and access artificial intelligence. Barry Silbert, the founder and CEO of DCG, will also serve as the CEO of Yuma, further advancing DCG's integration of cryptocurrency and artificial intelligence.
Yuma will provide capital, infrastructure, and technical support for startups and large enterprises, helping them develop and deploy innovative projects on the Bittensor network. Bittensor is referred to as the "intelligent web" and measures and rewards contributions to the network fairly through its core technological innovation, the "Yuma Consensus" mechanism, using the native token $TAO as an incentive.
Yuma is not only the third largest validation node on the Bittensor network but also supports AI/ML services such as text generation, translation, and data storage by establishing and operating subnetworks. Currently, Yuma has partnered with several companies to launch subnetworks, including Sturdy, Masa, Score, and Infinite Games. Additionally, it has launched the S&P 500 Oracle subnetwork in collaboration with Foundry.

PANews reported on November 21 that the Digital Currency Group (DCG) has announced the establishment of a new subsidiary, Yuma, aimed at supporting and promoting the development of the Bittensor network. Bittensor is a decentralized open network where users can create, train, and access artificial intelligence. DCG founder and CEO Barry Silbert will also serve as the CEO of Yuma, further advancing DCG's integration of cryptocurrency and artificial intelligence.

Yuma will provide capital, infrastructure, and technical support to startups and large enterprises, helping them develop and deploy innovative projects on the Bittensor network. Bittensor is referred to as the "intelligent web" and uses its core technological innovation, the "Yuma Consensus" mechanism, to fairly measure and reward contributions to the network, utilizing the native token $TAO as an incentive.

Yuma is not only the third largest validation node on the Bittensor network but also supports AI/ML services such as text generation, translation, and data storage by establishing and operating subnetworks. Currently, Yuma has partnered with several companies to launch subnetworks, including Sturdy, Masa, Score, and Infinite Games. Additionally, it has launched the S&P 500 Oracle subnetwork in collaboration with Foundry.

DCG has established a new subsidiary, Yuma, aimed at supporting and promoting the development of the Bittensor network.

Grayscale's parent company, Digital Currency Group (DCG), has announced the creation of a new subsidiary named Yuma, which will focus on the development of the Bittensor (TAO) ecosystem. Barry Silbert, the founder and CEO of DCG, will also lead Yuma as its CEO. Yuma aims to support ecosystem developers by providing funding, technology, and operational assistance. Silbert expressed that the growth and potential of decentralized AI remind him of the early Internet era, and he believes Bittensor will revolutionize the world through open intelligent access. The company has launched its official website.

BlockBeats News, November 21st, Grayscale's parent company Digital Currency Group (DCG) announced the establishment of a new subsidiary, Yuma, focusing on the development of the Bittensor (TAO) ecosystem. DCG Founder and CEO Barry Silbert will also serve as the CEO of Yuma. Yuma will provide funding, technology, and operational support for ecosystem developers. Silbert stated that the developmental trajectory and potential of decentralized AI reminded him of the early days of the Internet, and he believes that Bittensor will change the world through open intelligent access. The company has officially launched its website.

DCG has established a subsidiary called Yuma, focusing on the development of the Bittensor ecosystem.

According to BlockBeats, on November 21, the Digital Currency Group (DCG), the parent company of Grayscale, announced the establishment of a new subsidiary, Yuma, focused on the development of the Bittensor (TAO) ecosystem. Barry Silbert, founder and CEO of DCG, will also serve as the CEO of Yuma. Yuma will provide funding, technology, and operational support to ecosystem developers. Silbert stated that the trajectory and potential of decentralized AI remind him of the early days of the internet, and he believes that Bittensor will change the world through open access to intelligence. The company has officially launched its website.

Grayscale's parent company, DCG, has established a subsidiary called Yuma, focusing on the construction of the Bittensor ecosystem.

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According to TechFlow news, on November 21, Grayscale's parent company, Digital Currency Group (DCG), announced the establishment of a new subsidiary called Yuma, which will focus on the development of the Bittensor (TAO) ecosystem. DCG founder and CEO Barry Silbert will also serve as the CEO of Yuma. Yuma will provide funding, technology, and operational support to ecosystem developers. Silbert stated that the trajectory and potential of decentralized AI remind him of the early days of the internet, and he believes that Bittensor will change the world through open access to intelligence. The company has officially launched its website.
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Grayscale's parent company DCG has established a subsidiary named Yuma, focusing on the development of the Bittensor ecosystem.

Odaily Planet Daily reported that Barry Silbert, the founder and CEO of DCG (the parent company of Grayscale), announced on the X platform that DCG will establish a new subsidiary called Yuma. This company will support and promote the development of the Bittensor (TAO) ecosystem by providing builders with everything they need, including funding, technology, and operational support. In addition to continuing as CEO of DCG, Silbert will also serve as CEO of Yuma.

Odaily Planet Daily News DCG (the parent company of Grayscale) founder and CEO Barry Silbert announced on the X platform that DCG will establish a new subsidiary, Yuma, which will support and drive the development of the Bittensor (TAO) ecosystem by providing builders with everything they need, including funding, technology, and operational support. In addition to continuing as CEO of DCG, Silbert will also serve as CEO of Yuma.

The parent company of Grayscale, DCG, has established a new subsidiary, Yuma, aimed at promoting the development of the Bittensor ecosystem.

According to Foresight News, DCG has established a new subsidiary, Yuma, to support and promote the development of the decentralized AI network Bittensor. This subsidiary is one of its initiatives to bet on the integration of cryptocurrency and AI. Yuma will be led by the founder and CEO of DCG, providing the capital, infrastructure, and technical resources necessary to drive project and ecosystem development.According to Foresight News, DCG has established a new subsidiary, Yuma, to support and promote the development of the decentralized AI network Bittensor. This subsidiary is one of its initiatives to bet on the integration of cryptocurrency and AI. Yuma will be led by the founder and CEO of DCG, providing the capital, infrastructure, and technical resources necessary to drive project and ecosystem development.

Foresight News reports that DCG has established a new subsidiary, Yuma, to support and promote the development of the decentralized AI network Bittensor. This subsidiary is part of its initiative to invest in the integration of cryptocurrency and AI. Yuma will be led by the founder and CEO of DCG, providing the necessary capital, infrastructure, and technical resources to drive project and ecosystem development.

DCG establishes a new subsidiary, Yuma, to support and promote the development of Bittensor.

Digital Currency Group (DCG) has announced the establishment of a new subsidiary, Yuma, which focuses on supporting the development of decentralized artificial intelligence projects based on the Bittensor network. Bittensor is an open-source decentralized protocol that allows users to run AI models by contributing computational power and earn rewards in TAO tokens. Yuma will provide capital, technical resources, and operational support to both startups and established companies developing projects on the Bittensor network. DCG founder Barry Silbert will serve as CEO of Yuma and stated that decentralized AI networks could drive the emergence of more innovative projects in the future. DCG invested in Bittensor as early as 2021 and has supported several decentralized AI companies. (TheBlock)

Digital Currency Group (DCG) announced the establishment of a new subsidiary, Yuma, which focuses on supporting the development of decentralized artificial intelligence projects based on the Bittensor network. Bittensor is an open-source decentralized protocol that allows users to run AI models by contributing computing power and earn rewards through the TAO token. Yuma will provide capital, technical resources, and operational support to both startups and established companies to develop projects on the Bittensor network. DCG founder Barry Silbert serves as the CEO of Yuma and stated that decentralized AI networks could drive the emergence of more innovative projects in the future. DCG had invested in Bittensor as early as 2021 and supports several decentralized AI companies. (TheBlock)

Digital Currency Group establishes Yuma to support decentralized AI development on Bittensor.

Digital Currency Group (DCG) has announced the establishment of a new subsidiary, Yuma Group, focused on the development of Bittensor. Yuma Group will promote the development of Bittensor and support developers in creating, training, and accessing AI. DCG founder and CEO Barry Silbert will lead the subsidiary, driving the integration of AI and cryptocurrency. Yuma Group has launched an early subnet incubator program in collaboration with Sturdy, Masa, and Infinite Games. DCG is a significant investor in the cryptocurrency industry and continues to operate despite experiencing a crypto winter.

HIGHLIGHTS Digital Currency Group now have a new subsidiary Yuma Group The new subsidiary will focus on Bittensor development Barry Silbert said he saw a bright future for Bittensor&#039;s innovation Crypto venture capital firm Digital Currency Group (DCG) is looking to promote the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group. This outfit will join its list of subsidiaries, including Grayscale Investments.
The Major Bittensor Catch
As the companies announced, Yuma is dedicated to driving development on Bittensor. It hopes to empower developers to create, train, and access AI. The DCG founder and CEO Barry Silbert will also lead the new subsidiary in driving its vision to promote AI and crypto integration.

Although the Digital Currency Group first invested in Bittensor in 2021, its relationship has grown deeper since then. The firm said it named Yuma to conform with Bittensor's "Yuma Consensus" protocol. This smart contract protocol makes it possible to incentivize creator's participation with the TAO, a token known to weather geopolitical storms.

Through Bittensor, innovators can create Subnets, a marketplace for unique AI\/ML services including but not limited to data storage. As a functioning ecosystem, the protocol hosts both miners and validators. While the former contributes computational power to protocol, the latter asseses contibution quality and shares the rewards.

Yuma Group has created an early subnet incubator program from which it can help firms looking to create new AI-focused solutions. Thus far, it has partnered with  Sturdy, Masa and Infinite Games. The Yuma subnet program entered the limelight in collaboration with Foundry.

1\/ I’m incredibly proud to introduce @YumaGroup, a new subsidiary of DCG that will support and drive development in the #bittensor $TAO ecosystem by providing builders with everything they need to do so – capital, technical resources, and operational support.

Decentralized AI… https:\/\/t.co\/CvieGC9fpE
— Barry Silbert🎗️ (@BarrySilbert) November 20, 2024


Notably, Barry Silbert said he considers the innovations around Bittensor to the early days of crypto.
Digital Currency Group in The Crypto World
DCG is known as one of the biggest crypto project investors in the industry. While the crypto winter took a toll on the firm through Genesis, it has remained largely operational.

Grayscale Investments played a crucial role in bringing spot Bitcoin ETF products into the market. While its Bitcoin ETF and Ethereum ETF products are less popular considering their regular outflows, they are still a favorite of top institutional investors.

As reported earlier, the Michigan Pension Fund disclosed its exposure to Grayscale's Ethereum  ETF products. Digital Currency Group has weathered enough storms over the past years and Silbert reiterated his confidence in helping Bittensor "transform our the world with open access to intelligence."

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Digital Currency Group establishes Yuma Group to promote the development of Bittensor.

Digital Currency Group (DCG) has launched a new subsidiary, Yuma, aimed at accelerating innovation in decentralized artificial intelligence (AI). Yuma focuses on supporting the development of the open-source Bittensor (TAO) network, providing resources for both startups and established companies to build projects in the rapidly converging fields of cryptocurrency and AI. Yuma is the third-largest validator on the Bittensor network, dedicated to reducing dependency on centralized machine learning models and encouraging "bottom-up" development by offering funding, technical expertise, and operational support. Bittensor is a decentralized blockchain machine learning protocol that allows users to train AI models by contributing computing power and earning TAO token rewards. DCG founder Barry Silbert stated that Bittensor will drive a wave of decentralized innovation, akin to the early days of the internet.

Digital Currency Group (DCG) has introduced a new subsidiary, Yuma, to accelerate decentralized artificial intelligence (AI) innovation. Focused on supporting the development of the open-source Bittensor (TAO) network, Yuma aims to provide startups and established businesses with the resources needed to build projects in the rapidly converging cryptocurrency and artificial intelligence sectors. Yuma, named after the consensus algorithm that powers Bittensor, is a key player in the development of decentralized AI infrastructure. The company currently has a team of 25 employees and operates as the third-largest validator on the Bittensor network. Yuma aims to reduce reliance on centralized machine learning models and encourage “bottom-up” development by providing capital, technical expertise, and operational support. Bittensor is a decentralized, blockchain-based machine learning protocol where users contribute computational power to train AI models. Participants are incentivized with TAO token payments. The network allows for independent subnets, allowing computational power to be focused on specific AI challenges.  “Just as Bitcoin revolutionized the digital ownership of assets, we are now moving to decentralized ownership of intelligence,” said DCG founder Barry Silbert, who will serve as CEO of Yuma. Silbert predicts that Bittensor will enable a wave of decentralized innovation similar to the early internet: “Just as OpenAI, Meta, and Google created walled gardens for AI, Bittensor is encouraging a Cambrian explosion of subnetworks. Over the next two decades, we expect new disruptors like Uber and Airbnb to emerge that build on this permissionless innovation.” *This is not investment advice.

DCG has launched Yuma, supporting decentralized AI innovation.

Digital Currency Group, sometimes referred to as the Standard Oil of blockchain, is launching a new artificial intelligence-focused subsidiary to support the development of the open-source Bittensor network.The move represents the convergence between the crypto and AI sectors, in the hope that decentralized infrastructure will lead to less “top down” development of machine learning.DCG is spinning up a new company called Yuma to provide startups and established businesses with capital and technical resources to build projects on Bittensor, a decentralized protocol that powers a blockchain-based machine learning network. A representative says the company already has at least 25 employees and is running the third-largest validator on the network.Bittensor is a decentralized, open-source network that enables users to contribute computational power to run various AI models. Users are incentivized to participate in the process via TAO token payouts. The network supports independent subnets that can direct computation power to particular subjects.“Just like the early days of Bitcoin, which fueled the development of a new form of transparent, borderless money, we’re moving from the digital ownership of assets to the decentralized ownership of intelligence,” DCG founder Barry Silbert said in a statement. “Yuma offers startups and enterprises access to everything they need – including capital, technical resources, and operational support – to deploy their innovative ideas onto the Bittensor network.”DCG first invested in Bittensor in 2021. The company has also invested in several decentralized AI plays, including Tensorplex, Natix and Flock.Silbert will serve as CEO of Yuma, named after the eponymous consensus algorithm used by Bittensor.“We think about potential the same way, where you have you have OpenAI, Meta, Google, who are creating a walled garden access to AI. Bittensor has kind of created this Cambrian explosion of subnets which, like the explosion of websites and applications, over the next 20 years, we'll see the next Ubers and the Airbnbs emerge because of this permissionless innovation," Silbert told The Block.

DCG has launched a new subsidiary, Yuma, focusing on decentralized AI investments.

Barry Silbert, founder of Digital Currency Group (DCG), has launched a new decentralized AI venture named Yuma. This initiative aims to support and develop projects within the Bittensor AI network, which is known for its innovative approach to artificial intelligence. The venture represents a significant step in integrating decentralized AI solutions with blockchain technology.

DCG's Barry Silbert launches Yuma, a decentralized AI venture, to develop projects for Bittensor's innovative AI network.
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Barry Silbert Launches Yuma to Support Bittensor AI Projects

Barry Silbert, CEO of Digital Currency Group (DCG), is set to lead Yuma, a new company under DCG. Yuma will focus on developing and supporting new ventures within Bittensor's decentralized AI ecosystem, highlighting Silbert's significant investment in AI and blockchain technology.

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.

Barry Silbert to Lead New DCG Venture Yuma in AI Blockchain Development

数字货币集团（DCG）推出了一家名为Yuma的新子公司，专注于人工智能，以支持开源Bittensor网络的发展。这一举措标志着加密货币与人工智能的融合，旨在通过去中心化基础设施减少机器学习的“自上而下”开发。Yuma将为初创公司和成熟企业提供资金和技术资源，以在Bittensor上构建项目。Bittensor是一个去中心化的开源网络，用户可以通过贡献计算能力运行各种AI模型，并通过TAO代币获得激励。DCG创始人Barry Silbert表示，Yuma将提供所有必要资源，帮助企业部署创新想法。自2021年以来，DCG一直在投资Bittensor，并已投资于多个去中心化的AI项目。Silbert将担任Yuma的首席执行官。

DCG推出了一个新的子公司Yuma，专注于去中心化的AI投资。

數字貨幣集團（DCG）推出了一家名爲Yuma的新子公司，專注於人工智能，以支持開源Bittensor網絡的發展。這一舉措標誌着加密貨幣與人工智能的融合，旨在通過去中心化基礎設施減少機器學習的“自上而下”開發。Yuma將爲初創公司和成熟企業提供資金和技術資源，以在Bittensor上構建項目。Bittensor是一個去中心化的開源網絡，用戶可以通過貢獻計算能力運行各種AI模型，並通過TAO代幣獲得激勵。DCG創始人Barry Silbert表示，Yuma將提供所有必要資源，幫助企業部署創新想法。自2021年以來，DCG一直在投資Bittensor，並已投資於多個去中心化的AI項目。Silbert將擔任Yuma的首席執行官。