DCG Announces The Launch Of New Subsidiary Focusing On Decentralised AI
In the latest development, DCG Announce Yuma is a new company established to support and advance the development of Bittensor, a decentralized open network where anyone can create, train and access artificial intelligence.
Barry Silbert has announced his next big project, a subsidiary dedicated to competing with the likes of Google and OpenAI in the field of artificial intelligence.
A decentralized version of artificial intelligence
Yuma’s decentralized AI ambitions revolve around a blockchain project called Bittensor, which launched in 2021 and provides tokens as incentives for people to contribute to the AI service network.
Bittensor is a decentralized open source network that enables users to contribute computing power to run various artificial intelligence models. Users are incentivized to participate in this process by paying in TAO tokens. The network supports independent subnets that can direct computing power to specific entities.
“We created Bittensor to provide a competitive alternative to a top-down world that limits the capabilities of high-performance artificial intelligence. We advocate for freeing technology from traditional gatekeepers and making technology available in an open way so that We can ensure that the next generation of visionaries shaping our world can participate in the AI revolution,” said Jacob Steeves, co-founder of Bittensor.
Led by DCG founder and CEO Barry Silbert, Yuma provides startups and enterprises with the capital, infrastructure and technology resources needed to explore and build Bittensor. Yuma is working hard to develop a decentralized version of artificial intelligence, one that distributes powerful technology among a loose network of independent contributors rather than relying on large tech companies to provide services.
Silbert emphasized, “Just as the early days of Bitcoin fueled the development of a new form of transparent, borderless money, we are moving from digital ownership of assets to decentralized ownership of intelligence.”
Empowering change
He pointed out that Yuma provides startups and enterprises with everything they need, including capital, technical resources and operational support, to deploy their innovative ideas on the Bittensor network.
“By supporting world-changing projects that advance decentralized intelligence, Yuma will move the transformative power of artificial intelligence and machine learning away from centralized companies and into open resources available to everyone,” Silbert emphasized.
Yuma’s focus, he said, will be to help build a decentralized network of intelligence and computing services in the form of what Bittensor calls “subnets.” There are similar apps out there, and Yuma currently supports about 60, and Silbert expects there will soon be thousands.
So far, Yuma has five subnets available. Four of them went through accelerator programs and one went through incubation. Nine more are in development and should go live in the coming weeks, with one in incubation and the rest in accelerators.
