It seems Tether, the largest stablecoin issuer is planning to launch an AI platform next year. In a tweet today, the CEO Paolo Ardoino on X, teased by saying, “Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025”.
This is the time Tether will be all about AI. The company recently created a stand-alone AI division called Tether Data. The division was tasked with developing next-generation open AI models focused on innovation, transparency, and preserving privacy.
Moreover, Tether was actively posting job descriptions for an AI engineer and head of AI research and development throughout the year.
Tether’s new foray into AI efforts follows its previous attempts at diversification, probably most notably seen with the unveiling of the Hadron platform in November. Hadron tokenizes assets like stocks, bonds, stablecoins, and loyalty points, making it easier.
Last month, Tether made an investment of €575 million, approximately $623 million into Northern Data Group, which operates data centers with GPUs for the development of AI.
This investment is a support for Tether’s bigger vision of AI by embedding AI solutions into products driven by the market. This is the potential for integrations between AI and crypto, with AI tokens in the spotlight and getting much traction.
However, Tether is making a foray into the AI market at a time when there is emerging competition between tech firms in AI advancements.
