Tether (USDT), the largest company in the cryptocurrency industry, announced that it will increase its focus on artificial intelligence.
In the shared official blog post, Tether's breakthrough in the field of artificial intelligence was summarized as follows:
“Expanding Tether Data's AI focus will focus on several key areas. First, Tether Data plans to pioneer the development of open-source, multi-modal AI models to set new industry standards, increasing innovation and accessibility in AI technology.
It will also lead collaborations to seamlessly integrate AI solutions into market-focused products and leverage technology to address real-world challenges. Finally, by actively engaging with the overall ecosystem through community contributions, Tether Data aims to advance the field of open AI while showcasing its innovative projects.”
Tether CEO Paolo Ardoino said the following in his statement:
“Artificial intelligence is preparing to revolutionize almost every aspect of our lives, both in the real and digital worlds. Our investment in Northern Data Group, known for its flexible and high-performance technologies, aligns perfectly with our vision.
“Today's announcement establishes a new division within Tether that redefines the boundaries of AI and popularizes open AI technology that protects privacy while setting industry benchmarks for innovation, utility and transparency.”
*This is not investment advice.
