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Tether enters the AI industry! Tether's artificial intelligence department, Tether Data, is currently recruiting to prevent AI technology monopolization.

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Tether enters the AI industry! Tether

The stablecoin issuer Tether announced on the 26th that the company is planning to establish a new artificial intelligence department called "Tether data," focusing on researching and developing open-source AI models, bringing related products to market, and assisting in setting industry standards; and added: "The monopolization by large AI companies is intensifying."

Tether Ventures into Artificial Intelligence

The latest announcement from Tether indicates the company's strategic expansion into the current hottest field of artificial intelligence.

It is understood that the company plans to establish a new department called "Tether data" aimed at creating the next generation open-source AI models:

Tether is dedicated to enhancing the usability and efficiency of AI and leading innovation in artificial intelligence in a transparent and privacy-protecting manner.

Furthermore, the statement also mentions that Tether will focus on the following areas:

  • Developing open-source AI models based on multi-model collaboration
  • Redefining the scope of AI applications
  • Promoting privacy protection and democratization of AI technology
  • Establishing industry standards for innovation, utility, and transparency of AI products
  • Integrating AI solutions with market products

Prior to this, international companies and countries including Apple, Reddit, and PayPal have already begun investing in the AI industry, researching practical applications, or integrating AI into their products, all to stay ahead in the rapidly spreading AI trend.

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Tether: Preventing Monopoly of AI Technology

Interestingly, Tether mentioned in the statement that this move is to prevent the monopoly of AI technology:

In addition to our core product USDT, we have also done research in areas such as peer-to-peer transfers, renewable energy, and Bitcoin mining. However, we have noticed the growing concern among the public about the monopolization of AI technology by large tech companies, and we will defend the open-source and democratized application of AI technology.

As a leading company in the cryptocurrency industry, with its stablecoin product USDT continuously breaking new highs, currently at $104 billion, its stablecoin market share has reached an astonishing 69.6%, showing a significant level of monopoly.

Recruitment Activities Underway

Furthermore, Tether CEO Paolo Ardoino expressed optimism about the future development of AI in the statement:

Artificial intelligence is poised to bring revolutionary changes to almost all aspects of the real and digital worlds, and our investment in Northern Data aligns perfectly with our shared vision.

It is reported that Tether invested $623 million in the German data center operator Northern Data last November through debt financing, a company dedicated to Bitcoin mining and artificial intelligence cloud data fields.

Finally, Tether has launched a global recruitment drive for this purpose, with the official job page revealing that the company is hiring an AI engineer and an AI research director.