Tether Operations Limited (Tether), the biggest player in the cryptocurrency space, announced a strategic expansion of its AI focus to put itself at the forefront of innovation.
This action further solidifies Tether’s position as a leader in influencing the direction of technology and highlights the company’s commitment to increasing AI efficiency and accessibility.
To ensure effortless growth Tether Data is also conducting a global hiring campaign for elite talent for its AI section.
Tether continues to show its dedication to innovation with a market valuation for its main product, USDt, nearing $100 billion. It also has a reputation for making smart investments in a variety of industries, such as peer-to-peer renewable energy, bitcoin mining, and telecommunications.
Tether Data is stepping up to support transparency and privacy in AI model creation with this announcement, as concerns about Big Tech’s monopolization of AI technologies continue to grow.
The AI focus of Tether Data will be expanded to include other important areas. First and foremost, Tether Data intends to lead the way in the creation of open-source, multimodal AI models that will establish new benchmarks for the sector and promote accessibility and innovation in AI technology.
Additionally, it will spearhead partnerships to smoothly incorporate AI solutions into products that are driven by the market, utilizing the technology to solve problems in the real world. Last but not least, Tether Data actively participates in the larger ecosystem by community contributions, aiming to showcase its creative ideas and further the field of open AI.
Paolo Ardoino, CEO of Tether, said, “Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds. Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision.”
As per him, today’s announcement marks the inception of a fresh division within Tether, pushing the limits of AI and making privacy-preserving open AI tech accessible to all, while also setting new standards for innovation, utility, and transparency in the industry.
Also Read: Tether and U.S. Authorities Recover $1.4M in Illicit Funds
