Core Insights - Barry Silbert, a prominent figure in the crypto industry, is shifting focus from Bitcoin to the convergence of AI and crypto, particularly through a project called Bittensor [1][2] - Silbert has founded a new company, Yuma, dedicated to the Bittensor protocol and its cryptocurrency TAO, expressing that this is the most exciting development since Bitcoin [3][5] - Bittensor aims to create a decentralized marketplace for AI, allowing participants to lend their computing power, thus challenging the dominance of centralized players like OpenAI and Google [6] Company Developments - Silbert's Digital Currency Group has a history of launching successful crypto ventures, including CoinDesk and Grayscale, and has faced challenges during the "crypto winter" following the FTX collapse [4][5] - The cryptocurrency TAO, associated with Bittensor, reached an all-time high of $757 in March 2024, currently trading at nearly $360 [7] Industry Trends - The integration of AI and crypto is seen as the next significant wave in the tech industry, with Bittensor positioned to create a decentralized network for AI applications [1][6] - Bittensor is compared to the internet's world wide web of information, aiming to establish a world wide web of intelligence [7]
Billionaire Barry Silbert says he hasn’t been this excited about a crypto project since discovering Bitcoin