March 28, 2024
AI

Tether Dives Into AI, Pushing Technology Boundaries

Tether, the well-known inventor of the USDT stablecoin, has announced its entry into the field of artificial intelligence (AI), to pioneer the creation of open-source AI models and facilitate collaborations to integrate these discoveries into practical solutions.

Focusing on Open-Source AI Models and Collaborations

In a statement released on Tuesday, Tether revealed its strategic focus for the new venture, stating:

“The unit will focus on the development of open-source AI models and collaborate with other firms to integrate them into products that could address real-world challenges.”

This move underscores Tether’s commitment to leveraging AI for tangible societal impact.

Recruitment Drive and Vision

To kickstart this endeavor, Tether has begun a recruitment campaign, actively seeking talented individuals to join its AI research and development group. The company’s official website now advertises positions for an AI research and development head and an AI engineer.

“This announcement redefines AI boundaries and democratizes privacy-preserving open AI technology.”

Tether CEO Paulo Ardoino

A Strategic Shift

This initiative represents a significant strategic shift for Tether, known primarily for its pioneering role in the cryptocurrency market. The company’s investment in Northern Data last year signaled the beginning of this transition. Northern Data, listed on the Frankfurt Stock Exchange, shifted its focus from crypto mining to providing computational resources for AI-driven data analysis. Tether’s move into AI further cements its commitment to diversifying its technological portfolio and exploring innovative avenues beyond cryptocurrency.

Tether’s expansion into AI holds promise not only for the company’s growth but also for the broader tech industry, as it seeks to harness the potential of AI to address real-world challenges and drive positive change.

Image by Tung Nguyen from Pixabay

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