5 hours ago
Yuma, a improvement workplace and accelerator for decentralized AI (deAI) web Bittensor created by Barry Silbert of Digital Currency Group, has introduced Yuman Asset Management, to let organization and accredited investors casual entree to the deAI ecosystem.
Bittensor is a decentralized web for AI that rewards radical for contributing information and computing powerfulness to a scope of activities successful the signifier of chiseled usage case-driven entities called “subnets,” that tin see things similar substance translation, fraud detection, representation designation to much esoteric goals similar predicting the operation of analyzable macromolecule chains.
Powered by its autochthonal token, TAO, Bittensor aspires to beryllium the “World Wide Web” of AI, by allowing permissionless AI innovation wherever anyone tin build, power, oregon entree models done subnets – an alternate to the centralized infrastructure oregon corporate-owned AI resources.
Yuma Asset Management, which comes with a $10 cardinal anchor concern from DCG, features 2 money strategies investing successful subnet tokens, the protocol-native crypto assets of these decentralized contributor networks, denominated successful and traded with TAO, according to a property release.
The Yuma Subnet Composite Fund, which is designed for market-cap weighted vulnerability crossed each progressive subnets, is akin to the “NASDAQ Composite” for subnet tokens, DCG said. The Yuma Large Cap Subnet Fund is akin to the “Dow Jones Industrial Average” for subnet tokens, designed for targeted vulnerability to the apical subnets by marketplace capitalization.
Back successful the aboriginal days of Bitcoin, Silbert did thing akin erstwhile helium launched the Bitcoin Investment Trust successful 2013, present Grayscale’s GBTC product. DCG believes that it remains hard for investors to entree Bittensor, oregon for investors to entree AI successful wide fixed that the largest AI companies similar OpenAI and Anthropic are private. As such, Yuma Asset Management is providing an aboriginal and unsocial span to AI for institutions and accredited investors, DCG said.
“Subnet tokens are an emerging plus class, fueled by TAO, that supply investors with unprecedented vulnerability to a monolithic question of AI innovation,” said Yuma CEO Barry Silbert. “The decentralized AI assemblage has the powerfulness to beryllium arsenic transformative arsenic Bitcoin, and Yuma Asset Management is opening the doorway for investors to entree it done Bittensor.”
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