Catenaa, Tuesday, November 26, 2024 – Digital Currency Group (DCG), has launched Yuma, a subsidiary focused on supporting the decentralized AI network Bittensor.
The move underlines DCG’s commitment to bridging the gap between blockchain and artificial intelligence.
DCG is often regarded as a key force in the blockchain sector.
DCG said that Yuma would provide funding and technical resources to startups and established businesses aiming to innovate on the Bittensor platform. The network incentivizes users to contribute computational power for AI models through TAO token rewards.
DCG, already the third-largest validator on Bittensor, aims to expand its role in decentralized machine learning.
Yuma would offer 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 said.
Bittensor also enables open participation in building AI models while fostering subnets for specialized computations, providing an alternative to centralized AI solutions offered by tech giants like OpenAI and Google.
DCG has invested in Bittensor since 2021 and is also backing other decentralized AI initiatives such as Tensorplex and Flock.
DCG compares the current decentralized AI movement to the early days of Bitcoin, foreseeing significant innovation and growth.
