Digital Currency Group Launches Yuma AI Company

Digital Currency Group (DCG), under Barry Silbert's leadership, has launched Yuma, a company dedicated to decentralized AI, leveraging the Bittensor network. Yuma aims to provide resources for startups and enterprises to innovate within a decentralized ecosystem that utilizes the $TAO token to incentivize contributions like computing power and task evaluation. Silbert envisions Yuma as a competitor to tech giants, likening its decentralized AI model to the early days of the internet, which democratized access and reduced corporate control. The company offers an accelerator program and has already partnered with firms such as Sturdy and Masa. Despite skepticism regarding the viability of decentralized AI against established players, Silbert is committed to leading Yuma and believes it can harness untapped computational resources while promoting transparency. DCG's previous investments in Bittensor and the launch of related funds underscore its dedication to this emerging field.