On 26 March 2024, Tether Operations Limited (Tether), the largest company in the cryptocurrency sector, announced a strategic expansion of its focus towards artificial intelligence (AI), positioning itself at the forefront of innovation. This significant move underlines Tether's commitment to advancing in AI accessibility and efficiency, thus reinforcing its role as a pioneer in shaping the technological future. With a market capitalisation exceeding $100 billion for its flagship product, USDT, and a reputation for strategic investments in various sectors, including peer-to-peer telecommunications, renewable energy, and Bitcoin mining, Tether continues to demonstrate its commitment to innovation. Amid growing concerns about the monopolisation of AI technologies by large tech companies, Tether Data is taking the lead in advocating for transparency and privacy in the development of AI models.
Tether Data's AI focus expansion will concentrate on several key areas. Firstly, Tether Data plans to pioneer the development of open-source multimodal AI models to set new industry standards, thereby stimulating innovation and accessibility in AI technology. It will also pursue collaborations to seamlessly integrate AI solutions into market-oriented products, leveraging technology to address real-world challenges. Finally, by actively engaging with the broader ecosystem through community contributions, Tether Data seeks to advance the field of open AI while highlighting its innovative projects.
Furthermore, Tether Data is also announcing a global recruitment campaign for top-tier talent to contribute to its burgeoning AI division. This expansion into cutting-edge technological fields marks a significant milestone for the company.
"Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds," said Paolo Ardoino, CEO of Tether. "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."
