Barry Silbert Of Digital Currency Group Ventures Into Decentralized AI With Eyes On Bittensor Network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2024
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Source: Benzinga
DCG's New Venture: Digital Currency Group (DCG) is launching a new initiative called Yuma, led by Barry Silbert, to support businesses in developing AI models on the Bittensor ecosystem, promoting decentralized ownership of intelligence.
Growing Trend in Decentralized AI: DCG's interest in decentralized AI reflects a broader industry trend aimed at preventing data monopolization by tech giants, with recent investments and funds dedicated to AI, including the TAO token.
Analyst Views on GBTC
Wall Street analysts forecast GBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 70.340
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
