Tether, the company that powers the USDT stablecoin, announced the creation of a new section whose sole purpose is to research and develop artificial intelligence (AI). This move shows that Tether wants to help create open-source AI models and make it easier for people to collaborate to use AI advances in real-world situations.
Tether said in a statement made on Tuesday that it would focus on creating open-source AI models and working with other groups to use these models in products that solve problems in the real world.
Tether Expands into AI Arena with Dedicated Division
As part of its plan, Tether started hiring people for key positions in the brand-new AI area. People can use Tether’s main website for jobs like AI research and development head and AI engineer. This company is known for creating the USDT stablecoin, a digital currency tied to the U.S. dollar with an amazing $105 billion market value. The company wants to use AI in more than one area now.
This announcement expands the limits of AI and makes privacy-protecting open AI technology available to everyone.
said Paulo Ardoino, CEO of Tether.This deliberate move toward AI is a big step forward for Tether and builds on its previous efforts. When Tether invested in Northern Data, a Frankfurt Stock Exchange company, it made a lot of noise last year. Northern Data changed its focus from mining cryptocurrencies to offering computing power for AI-driven data analysis, making it possible for Tether to enter the AI world.
Tether’s move into AI shows how blockchain technology and AI are becoming increasingly similar. Since increasingly more businesses are looking for new ways to use AI in the blockchain ecosystem, Tether’s project shows how these two cutting-edge technologies could work together.
With extensive experience in cryptocurrencies and a history of inventing new ideas, Tether’s move into AI is sure to change both the blockchain and AI industries. As the hiring drive picks up speed and the AI division takes shape, people in the industry eagerly anticipate the groundbreaking changes that Tether’s move into AI will undoubtedly bring.
