USDT Maker Tether Pushes Into AI, Prioritizing ‘Transparency and Privacy’

Tether, the blockchain company behind the USDT cryptocurrency, is expanding into the following areas: artificial intelligencethe company announced on Tuesday. Tether said the move aims to improve the accessibility and efficiency of artificial intelligence.

Tether says its AI focus includes developing open source multimodal AI models and “new industry standards.”

“Artificial intelligence is poised to revolutionize nearly every aspect of our lives, both in the physical and digital worlds,” Tether CEO Paolo Ardoino said in a statement. Stated. “Our investment in Northern Data Group, known for its resilience and high-performance technology, aligns perfectly with our vision.”

In conjunction with the AI ​​announcement, Tether has listed new AI-focused roles: AI Engineer and AI R&D Director. tether data Split. Both positions are primarily remote. However, Tether mentions office locations such as Paris, Madrid, London, and Milan.

Tether invested in November $622.6 million Northern Data Group, based in Frankfurt, Germany, is a technology company specializing in providing generative AI cloud platforms, Bitcoin mining operations, and data center infrastructure.

“With this announcement, Tether Data takes steps toward championing transparency and privacy in AI model development as concerns grow over Big Tech monopolizing AI technology,” Tether said.

Tether came under intense scrutiny last year for failing to disclose its relationships with Chinese companies, but Tether did not respond to requests for comment. Decryption.

Tether Limited, based in the British Virgin Islands, developed the USDT cryptocurrency as “Realcoin” towards the end of 2014, before rebranding it to Tether.

USDT is currently the third largest cryptocurrency by market capitalization after Bitcoin and Ethereum. Unlike Bitcoin and Ethereum, which reached all-time highs of $73,737 and $4,878 respectively, USDT is a stablecoin designed to be pegged to the US dollar. According to CoinGecko, USDT is currently trading at $0.99.

As the name suggests, stablecoins aim to provide some stability to the often volatile cryptocurrency market.

As AI disrupts and transforms every business sector, there is a growing overlap between emerging technologies and cryptocurrencies. Some companies, like chipmaker Nvidia, have managed to straddle both industries and report record profits and stock prices.

Although USDT is not an AI-focused cryptocurrency, the AI ​​token and broader cryptocurrency market have soared since the launch of the Bitcoin ETF in January. Fetch AI’s FET token is currently trading at $2.85, up 14.2% for the week. SinguralityNET’s AGIX was $1.18, up 14.6% for the week, and Ocean Protocol’s OCEAN was $1.19, up 15.4% for the week.

Edited by Ryan Ozawa.

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