By Modupe Gbadeyanka
The largest company in the cryptocurrency industry, Tether, has expanded its Artificial Intelligence (AI) focus amid rising concerns over the monopolization of AI technologies.
The expansion of Tether data’s AI focus will focus on several key areas, as Tether data plans to pioneer the development of open-source, multimodal AI models to set new industry standards, driving innovation and accessibility within AI technology.
It will also lead collaborations to integrate AI solutions seamlessly into market-driven products, leveraging the technology to address real-world challenges.
Lastly, actively engaging with the broader ecosystem through community contributions, Tether data seeks to advance the field of open AI while showcasing its innovative projects.
“Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds,” the chief executive of Tether, Mr Paolo Ardoino, said.
“Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision.
“Today’s announcement establishes a new division within Tether, redefining AI boundaries and democratizing privacy-preserving open AI technology while setting industry benchmarks for innovation, utility, and transparency,” Mr Ardoino added.
With a market capitalization exceeding $100 billion for its core product USDt and a reputation for strategic investments in diverse sectors, including renewable peer-to-peer telecommunications, energy and bitcoin mining, Tether continues to demonstrate its commitment to innovation.
Business Post reports that with the latest development, the company has positioned itself at the forefront of innovation, as this significant move underscores Tether’s dedication to advancing AI accessibility and efficiency, further solidifying its role as a pioneer in shaping the future of technology.
Adedapo Adesanya