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 deAI's potential could surpass that of Bitcoin. In a letter to shareholders, he expressed strong optimism about the integration of AI innovation with blockchain technology within the crypto industry. He suggests that this technological fusion could offer greater benefits to humanity than closed systems developed by companies like OpenAI. In his fourth-quarter letter, Silbert stated, "We are transitioning from digital ownership of assets to decentralized ownership of intelligence and the availability of vast decentralized computing resources." DCG has already invested $105 million in over a dozen deAI projects and plans to increase its investments 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 heavily invest in supporting the Bittensor ecosystem. Silbert mentioned that in November of last year, DCG established a company named Yuma to incubate Bittensor infrastructure projects. Additionally, Grayscale, another company under DCG, now offers investment products related to TAO.