Tether, the leading issuer of stablecoins, is taking a bold step into the world of artificial intelligence (AI) with the establishment of a dedicated unit. This strategic move comes as Tether aims to redefine the boundaries of AI technology and make it more accessible to all.
The newly formed division will focus on the development of open-source AI models and collaborate with various firms to integrate them into practical solutions for real-world challenges. By leveraging the power of AI, Tether hopes to address pressing issues and revolutionize the way we tackle complex problems.
To spearhead this ambitious endeavor, Tether has initiated a recruitment drive to fill key positions within the unit. The company is currently searching for a head of AI research and development, as well as an AI engineer. These roles will be instrumental in driving innovation and advancing Tether’s AI agenda.
As the issuer of the world’s largest stablecoin, Tether has already made significant inroads in the crypto market. With a market cap of $105 billion, their stablecoin, USDT, has become synonymous with stability and versatility in the digital asset space.
The expansion into AI marks a continuation of Tether’s strategic development in this field. Last year, the company made a notable investment in Northern Data – a Frankfurt Stock Exchange-listed firm. The investment enabled Northern Data, previously focused on crypto mining, to diversify into providing computing power for AI-related data analysis.
Tether’s CEO, Paolo Ardoino, expressed his vision for the new unit, stating, “We aim to redefine AI boundaries and democratize privacy-preserving open AI technology.” By prioritizing privacy and open-source solutions, Tether aims to lead the charge in enabling widespread adoption of AI technology.
The launch of Tether’s AI unit will undoubtedly bring forth exciting opportunities for collaboration, innovation, and advancements in the field of AI. As this initiative gains momentum, we can expect to see Tether at the forefront of AI-driven solutions that have the potential to transform various industries.
FAQ
What is Tether’s new AI unit?
Tether has established a dedicated unit focused on artificial intelligence (AI). The unit will develop open-source AI models and collaborate with other companies to integrate them into practical solutions.
What positions is Tether recruiting for?
Tether is currently looking for a head of AI research and development, as well as an AI engineer to join their new AI unit.
What is Tether known for?
Tether is best known for its stablecoin, USDT, which is pegged to the US dollar and has a market cap of $105 billion.
What is Tether’s goal with the new AI unit?
Tether aims to redefine AI boundaries and make privacy-preserving open AI technology more accessible to all.
How has Tether previously ventured into AI?
Last year, Tether made an investment in Northern Data, a firm listed on the Frankfurt Stock Exchange. This investment allowed Northern Data to diversify into providing computing power for AI-related data analysis.
The establishment of Tether’s dedicated AI unit signifies the company’s commitment to pushing the boundaries of AI technology and making it more accessible. By developing open-source AI models and collaborating with various firms, Tether aims to integrate AI into practical solutions for real-world challenges.
With a market cap of $105 billion, Tether’s stablecoin, USDT, has already made a significant impact in the crypto market. This expansion into AI is an extension of Tether’s strategic development in the field, building on their previous investment in Northern Data. This investment allowed Northern Data to diversify into providing computing power for AI-related data analysis.
Tether’s CEO, Paolo Ardoino, envisions the new AI unit as a way to redefine AI boundaries and democratize privacy-preserving open AI technology. By prioritizing privacy and open-source solutions, Tether aims to lead the charge in enabling widespread adoption of AI technology.
The recruitment drive for key positions within the AI unit, including a head of AI research and development and an AI engineer, demonstrates Tether’s commitment to driving innovation in the field.
Overall, the launch of Tether’s AI unit presents exciting opportunities for collaboration, innovation, and advancements in AI. As the initiative gains momentum, Tether has the potential to become a leading force in AI-driven solutions that can transform industries.