PANews reported on February 8 that according to CoinDesk, DCG founder and CEO Barry Silbert is betting heavily on decentralized artificial intelligence (deAI), calling it "the next major era of cryptocurrency" and its potential may even exceed that of Bitcoin. In a letter to shareholders of Digital Currency Group (DCG), the cryptocurrency group he leads, Silbert expressed strong optimism about deAI: This is the crypto industry's effort to integrate artificial intelligence innovation with blockchain technology. He believes that this technological fusion may bring greater returns to humanity than the closed systems developed by OpenAI and other giants.
“We are moving from digital ownership of assets to decentralized ownership of intelligence and the availability of vast decentralized computing resources,” Silbert wrote in his fourth-quarter letter. He said the company has invested $105 million in a dozen deAI projects and is looking forward to increasing its investment in 2025. He specifically mentioned DCG’s investment in Bittensor, a crypto network focused on machine learning and AI applications, and wrote that Bittensor’s TAO token has many similarities to Bitcoin.
DCG plans to invest heavily in supporting the Bittensor ecosystem. Silbert pointed out that in November last year, DCG established a company called Yuma to incubate Bittensor's infrastructure projects. In addition, Grayscale, another company under DCG, now also offers investment products related to TAO.