Tether enters the AI space with a focus on transparency and privacy

adminMarch 28, 2024

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Tether, a blockchain company famous for its USDT cryptocurrency, has announced expansion into the artificial intelligence field. The company said Tuesday that the move aims to make AI technology more accessible and efficient. Tether’s approach to AI will emphasize the development of open source, multimodal AI models and establishing new industry standards.

Tether’s Strategic Expansion into AI

Paolo Ardoino, CEO of Tether, expressed enthusiasm for the potential of AI to transform many aspects of our lives, both in the physical and digital realms. “Artificial intelligence is poised to revolutionize almost every aspect of our lives, both in the real world and in the digital world,” he said. Tether’s recent investment in Northern Data Group, a company known for powerful, high-performance technologies, is consistent with the company’s vision for AI.

In November, Tether invested a significant sum of $622.6 million in Northern Data Group, a Frankfurt-based technology company specializing in generative AI cloud platforms, Bitcoin mining operations, and data center infrastructure. This investment highlights Tether’s commitment to advancing AI technology.

Tether’s Commitment to AI Innovation and Transparency

As part of its AI initiatives, Tether has announced new job openings within its Tether Data division, including AI Engineer and Head of AI Research and Development positions. These roles are primarily performed remotely, and Tether’s office locations span major cities such as Paris, Madrid, London, and Milan.

Tether’s focus on AI also aims to address concerns about AI technology monopolization by large corporations. The company is going one step further to advocate for transparency and privacy in AI model development.

Despite coming under scrutiny last year for failing to disclose its ties to Chinese companies, Tether has continued to grow and innovate. Originally launched as “Realcoin” in late 2014, Tether Limited rebranded its cryptocurrency to USDT. USDT is currently the third largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. USDT, unlike other currencies, is a stablecoin designed to maintain a stable value pegged to the U.S. dollar, and is currently trading at $0.99, according to CoinGecko.

#rope We are hiring an AI R&D director and AI engineer.
Amazing flow of projects and investments in the pipeline.
Tether recently secured a significant investment in one of the world’s largest AI infrastructure providers. So access to AI computing (GPUs, etc.)… https://t.co/AhIJMYmXaI
— Paolo Ardoino 🍐 (@paoloardoino) March 26, 2024

As AI continues to disrupt various business sectors, the intersection of AI and cryptocurrency is becoming more and more prominent. Companies like Nvidia have successfully navigated both industries, achieving record profits and stock prices. Although USDT is not specifically focused on AI, the broader cryptocurrency market, including AI tokens, has experienced significant growth since the launch of the Bitcoin ETF in January. Tokens such as Fetch AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN have all seen notable increases in trading value over the past week.

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