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Decentralized AI Opportunity Is 'Bigger than Bitcoin,' Says DCG's Barry Silbert

Decentralized AI Opportunity Is 'Bigger than Bitcoin,' Says DCG's Barry Silbert
Barry Silbert, a prominent crypto investor, believes that decentralized AI (deAI) has the potential to be the next big era of crypto and even surpass the success of bitcoin. In a letter to shareholders of his company, Digital Currency Group (DCG), Silbert expressed optimism about the fusion of AI innovations and blockchain technology in the crypto industry. He sees deAI as a way to distribute ownership and governance of powerful AI models, leading to a "power revolution." DCG has already invested $105 million in more than a dozen deAI projects and plans to increase its investments in 2025. Silbert highlighted Bittensor, a crypto network specializing in machine learning and AI applications, as the portfolio company closest to success. DCG has formed a subsidiary called Yuma to incubate Bittensor infrastructure projects, and investment products for exposure to Bittensor's TAO token are available through Grayscale, another DCG company. Silbert's letter also mentioned the successful rebuilding of DCG after a challenging period, and the company's focus on growth initiatives.

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