Sami Kassab

Sami Kassab spoke at Proof of Talk Paris 2026 as managing partner of Unsupervised Capital, a liquid-token investment fund focused on the Bittensor ecosystem. His April 2025 launch essay described the fund’s formation, its focus on subnet teams and its relationship with Crucible Labs. Unsupervised Capital’s published thesis sets out an investment approach organised around open competition, token incentives and the coordination of computing resources.

Kassab’s signed investor letters cover his work during 2026. The letter published on 29 January addressed changing market narratives around blockchain applications and decentralised AI. His 5 August letter, signed as managing partner, discussed the fund’s view of Bittensor and changes across the ecosystem. The firm’s writing archive also records essays about subnet valuation, compute businesses and the relationship between equity and tokens. Kassab also appeared in a Bittensor documentary as managing partner of Unsupervised Capital, alongside contributors discussing the network and its subnet ecosystem. His writing archive includes a March 2026 essay about optimisation problems. In the fund’s launch essay, Kassab outlined a liquid venture strategy: take long-term positions in subnet teams while retaining flexibility to adjust allocations. He described a TAO-denominated fund and an investment process centred on subnet analysis and position sizing. His August letter explored how token incentives could connect the financing of computing resources with the development of AI services.

At Proof of Talk Paris 2026, Sami Kassab took part in the keynote session "Why the Bear Case for Subnets is Stale" on 3 June. The session ran from 17:00 to 17:10 on the Taostats Stage at the Louvre Palace.