DCG established a subsidiary Yuma focused on Bittensor, doubling down on decentralized AI

ChainCatcher news, according to The Block, Digital Currency Group (DCG) is launching a new subsidiary focused on artificial intelligence, Yuma, to support the development of the open-source Bittensor network. This move represents the fusion of the cryptocurrency and artificial intelligence sectors, providing capital and technical resources for startups and established companies to build projects on Bittensor.

Bittensor is a decentralized protocol that supports blockchain-based machine learning networks. DCG first invested in Bittensor in 2021. The company has also invested in several decentralized AI companies, including Tensorplex, Natix, and Flock. DCG founder Barry Silbert will serve as the CEO of Yuma.