Global advancements in artificial intelligence (AI) are leading to continuous innovation within the tech industry. In light of these developments, Tether, the entity behind the USDT stablecoin, announced its venture to enhance its AI capabilities. This move signifies a strategic expansion of Tether into new technological realms, aiming to recruit top-notch AI professionals.
Tether Enhances Its AI Division
Tether is actively seeking industry leaders in artificial intelligence to spearhead its AI division. The company’s objectives are clear: to pioneer the development of cutting-edge, open-source AI models that will establish new benchmarks in the sector. This initiative is intended to foster greater innovation and make AI technology more readily accessible.
So far, Tether has made available two job vacancies—one aimed at finding a director to oversee AI research and development, and the other for an AI engineer. These positions underscore the company’s commitment to strengthening its presence in the AI landscape.
Tether’s History with AI Investments
Tether’s interest in AI is not a recent phenomenon. Last September, they invested an undisclosed sum in Northern Data, a German data center provider, to bolster their AI operations. Subsequently, Tether significantly increased its investment, contributing to Northern Data’s $610 million in debt financing.
Tether CEO Paolo Ardoino praised the synergy between Tether’s vision and Northern Data’s innovative technology. Ardoino’s statement highlighted the launch of a new division within Tether aimed at reshaping the AI sector, promoting open AI technology, and setting standards in innovation and transparency while maintaining privacy.
Tether continues to dominate the stablecoin market with a 70.5% share of the US dollar-pegged supply, outpacing its competitors. It also sits in third place in terms of market capitalization, trailing only behind Ethereum.