Why Tether Betting on AI Could Be Huge for Crypto

Tether, a stablecoin issuer with a market capitalization of over $100 billion, has announced a strategic shift to artificial intelligence (AI).

This expansion represents a bold move for the stablecoin giant as it seeks to merge the blockchain industry with AI.

Tether pivots to AI

tether’s intention It plays a vital role in making AI technology more accessible and efficient. With a strong presence in various industries such as renewable energy, telecommunications, and Bitcoin mining, Tether is now positioning itself as a champion of open and transparent AI development.

This comes at a time when the centralization of AI technology is sparking debates over privacy and proprietary practices. Last month, during an event for social media platform X, Elon Musk said: statement About trends in AI monopolo.

“There’s some value in having multiple players in the AI ​​space. We don’t want it to just be a monopoly or a duopoly,” Musk said.

Tether plans to address these concerns by focusing on developing open source multimodal AI models. These efforts aim to democratize AI technology, foster innovation, and expand access. The company also integrates AI solutions into market-driven products to transform how cryptocurrencies and AI intersect to solve real-world problems.

Alongside its AI ambitions, the company announced a global recruitment campaign to attract top artificial intelligence talent.

Tether CEO Paolo Ardoino articulated the company’s vision, highlighting the impact of AI in the digital and physical worlds. He also highlighted the synergies between Tether’s investment in Northern Data Group and the company’s broader goals.

“Today’s announcement creates a new division within Tether that will redefine the boundaries of AI and democratize open AI technologies that protect privacy while setting industry benchmarks for innovation, utility, and transparency. That’s going to happen,” Ardoino said.

Read more: Top 9 Artificial Intelligence (AI) Cryptocurrencies of 2024

This strategic shift by Tether marks a key moment in the convergence of cryptocurrencies and artificial intelligence. This suggests a future in which the lines between these two innovative technologies become increasingly blurred, promising advances that could have far-reaching implications for both fields.

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