Tether is on the hunt for “top talent” in artificial intelligence, the company said Tuesday.
Its intention is to lead the way in developing open-source, multimodal AI models.
Tether, the issuer of USDT, has said that it is attempting to increase its AI competencies by establishing an AI division. Tether is on the hunt for “top talent” in artificial intelligence, the company said Tuesday.
The company announced its intention to lead the way in developing open-source, multimodal AI models. Its goal is to establish new standards for the industry, promote innovation, and make AI technology more accessible. Two positions have been advertised thus far: one for an AI engineer and another for a director of AI research and development.
Aiming to Set Industry Benchmarks
Tether had spent an unknown sum in September 2023 on the German data center operator Northern Data in an attempt to strengthen its AI activities. Among other things, Tether raised the loan funding for Northern Data to $610 million two months later, as previously reported.
Tether CEO Paolo Ardoino stated:
“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.”
Information shows that 70.5% of the supply of crypto’s stablecoins tied to the US dollar are Tether’s USDT. Trading pairs involving Tether’s USDT stablecoin for customers located in the EU and EEA were removed from OKX, a cryptocurrency exchange, a week before. The move, according to an OKX representative, was motivated by the company’s determination to prioritize regional liquidity denominated in euros.