yuma

According to official news, TAO Financial Company TAO Synergies Inc. (NASDAQ: TAOX) announced that it has made an initial investment of $750,000 in the Bittensor subnet fund under Yuma Asset Management, thereby enhancing the company's investment in the Bittensor ecosystem subnet field.

ChainCatcher news, Yuma, a subsidiary of Digital Currency Group focused on the decentralized AI network Bittensor, announced the establishment of an asset management department on October 9, with an initial investment of $10 million from DCG.The department will launch two flagship funds: the Yuma Subnet Composite Fund, which tracks all active subnets, and the Yuma Large Cap Subnet Fund, which focuses on large subnets.

ChainCatcher news, according to CoinDesk, the asset management division Yuman Asset Management has been launched by the development studio and accelerator of Bittensor, a decentralized artificial intelligence (deAI) network founded by Barry Silbert of Digital Currency Group (DCG), providing institutional and qualified investors with convenient access to the deAI ecosystem.Yuman Asset Management has secured a $10 million anchor investment from DCG and has launched two fund strategies for investment subnet tokens. DCG stated that the Yuma subnet composite fund aims to provide market-weighted risk exposure across all active subnets, similar to the "Nasdaq Composite Index" of subnet tokens. The Yuma large-cap subnet fund is akin to the "Dow Jones Industrial Average" of subnet tokens, aiming to provide targeted risk exposure to the largest subnets by market capitalization.

ChainCatcher news, according to The Block, Digital Currency Group (DCG) is launching a new subsidiary focused on artificial intelligence, Yuma, to support the development of the open-source Bittensor network. This move represents the fusion of the cryptocurrency and artificial intelligence sectors, providing capital and technical resources for startups and established companies to build projects on Bittensor.Bittensor is a decentralized protocol that supports blockchain-based machine learning networks. DCG first invested in Bittensor in 2021. The company has also invested in several decentralized AI companies, including Tensorplex, Natix, and Flock. DCG founder Barry Silbert will serve as the CEO of Yuma.