Tether Plans AI Expansion to Rival Big Tech

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• Tether has announced a strategic shift towards Artificial Intelligence through Tether data
• The stablecoin giant wants Tether data to lead innovation in AI, addressing concerns about monopolization by Big Tech
• Tether’s expansion into AI, following ventures into Bitcoin mining and renewable energy, represents its most diverse move to date

Tether has announced a strategic shift towards Artificial Intelligence and has started recruiting individuals to help it in its drive. The stablecoin giant, which has been branching out in a variety of new disciplines in recent years, stated in an announcement that it wants to position itself “at the forefront of innovation” in the sector through Tether data, addressing concerns over the “monopolization of AI technologies by Big Tech.” Tether’s expansion into AI marks the most diverse move yet following its moves into Bitcoin mining and renewable energy.

Bitcoins Tether Data Will Focus on Open AI

According to Tether, Tether data is “stepping forward to champion transparency and privacy in AI model development,” adding that it wants to “pioneer AI accessibility and efficiency.” initially, the company intends to develop open-source, multimodal AI models to establish new industry standards, fostering innovation and accessibility.

The company added that it is already exploring collaborations that will seamlessly integrate AI solutions into market-driven products, addressing “real-world challenges”. Additionally, Tether plans to engage with the broader community over the future use cases of AI, contributing to the advancement of a more open AI environment and showcasing innovative projects.

Bitcoins Talented AI Enthusiasts Wanted

Paolo Ardoino, CEO of Tether, emphasized the transformative potential of AI and where it sees his company fitting into the plethora of ideas already being explored in the sector:

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. Today’s announcement establishes a new division within Tether, redefining AI boundaries and democratizing privacy-preserving open AI technology while setting industry benchmarks for innovation, utility, and transparency.

Tether is already recruiting “talented individuals passionate about AI” to work on Tether data, but it will have a fight on its hands with so many companies dipping into a shallow pool.