DCG’s Barry Silbert Bets Big on Decentralized AI

According to PANews, Barry Silbert, founder and CEO of Digital Currency Group (#DCG ), is making significant investments in decentralized artificial intelligence (deAI), which he describes as “the next major era of cryptocurrency.”

Silbert believes that the potential of deAI could surpass Bitcoin. In his letter to shareholders, he expressed strong optimism about the integration of #AI innovation with blockchain technology in the crypto industry. He stated that this combination of technologies could offer greater benefits to humanity than the siloed systems developed by companies like OpenAI.

In his fourth-quarter letter, Silbert stated, “We are transitioning from ownership of digital assets to ownership of decentralized intelligence and the availability of massive decentralized computing resources.” DCG has invested $105 million in more than a dozen deAI projects and plans to increase its investment in 2025.

Silbert highlighted DCG’s investment in #bittensor , a crypto network focused on machine learning and AI applications, noting that Bittensor’s TAO token shares many similarities with Bitcoin.

DCG intends to invest heavily in supporting the Bittensor ecosystem. Silbert noted that in November of last year, DCG founded a company called Yuma to incubate Bittensor infrastructure projects. Additionally,

Grayscale, another company under DCG, now offers investment products related to $TAO .