USDT Issuer Tether Launches New AI Division, Looking to Build New Open AI Models

USDT issuer Tether launches new AI division and aims to build new open AI models

Tether, a major stablecoin issuer, announced Creation of a new division focused on artificial intelligence (AI) efforts. The division, named Tether data, is actively seeking positions for AI engineers and AI R&D directors, as shown on Tether’s recruitment website.

The job posting highlights Tether data’s goal to pioneer the next generation of open AI models while driving AI innovation through an approach that is accessible, transparent, and privacy-preserving. The new AI division is the latest addition to Tether’s expanding portfolio of business lines, which already includes the energy and education sectors.

Tether’s main business revolves around issuing stablecoins, and its market power has continued to grow in recent months. Tether’s USDT stablecoin currently accounts for approximately 70% of the total stablecoin market. The stablecoin issuer reported a net profit of $2.85 billion in the fourth quarter of last year, primarily from interest earned on its reserves.

Tether CEO Paolo Ardoino highlighted the investment in Northern Data Group as part of the company’s AI vision. Tether injected 575 million euros (equivalent to about $623 million) into Northern Data Group through debt financing in November. Northern Data Group operates data centers with hardware such as GPUs that companies can use for their AI development.

Related Article


Leave a Comment