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Barry Silbert, a prominent figure in the finance and cryptocurrency sectors, is venturing into decentralized AI with his new subsidiary, Yuma. This initiative aims to challenge established tech giants like Google and OpenAI by distributing AI technology across a network of independent contributors. Silbert believes that a permissionless version of AI can outperform traditional models, prompting him to take on the role of CEO for the first time in four years.
Yuma's strategy is built around the blockchain project Bittensor, which incentivizes contributions to a decentralized AI network through tokens. While the concept of decentralized AI faces significant challenges, including competition from well-funded companies, Silbert remains optimistic about its potential. He envisions a future where user-friendly interfaces will make decentralized AI accessible, similar to how Bitcoin transformed digital finance.
• Yuma aims to compete with Google and OpenAI in decentralized AI.
• Bittensor incentivizes contributions to a decentralized AI network using tokens.
Decentralized AI refers to distributing AI technology across a network of independent contributors, rather than relying on a single tech company.
Blockchain is a technology that enables decentralized data management and transactions, which is foundational for Yuma's AI ambitions.
Tokens are digital assets used as incentives within the Bittensor network to encourage contributions to decentralized AI services.
Yuma is a subsidiary focused on developing decentralized AI technology to compete with major tech firms.
Bittensor is a blockchain project that incentivizes contributions to a decentralized AI network through token rewards.
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