- Tether announced expansion into AI to advance accessibility and efficiency of models while prioritizing transparency and privacy
- Tether’s AI plans include developing open-source multimodal models and establishing new industry standards
- Tether aims to counter AI monopolization by tech giants through its commitment to openness, though past links to Chinese firms raise concerns
Tether, the company behind the popular USDT stablecoin, announced this week that it is expanding into artificial intelligence. The move aims to advance accessibility and efficiency of AI models while prioritizing transparency and privacy.
Tether’s AI Plans
According to Tether, its AI focus will include:
- Developing open-source multimodal AI models
- Establishing new industry standards for AI
Tether sees AI as poised to revolutionize nearly every aspect of life. The company’s recent investment in Northern Data Group aligns with its vision for resilient, high-performance technologies.
New AI-Focused Jobs
Along with the announcement, Tether listed new AI-focused jobs, including AI Engineer and Head of AI Research and Development for its Tether Data division. While the roles are primarily remote, Tether has noted office locations in cities like Paris, Madrid, London and Milan.
Concerns Over AI Monopolization
As Big Tech companies monopolize AI technologies, Tether aims to champion transparency and privacy in model development. This could help address growing concerns over AI being controlled by a handful of powerful companies.
Tether’s Track Record
Tether has faced scrutiny in the past for failing to disclose its links to Chinese companies. The stablecoin giant will need to consistently demonstrate its commitment to openness as it expands into AI.
Tether’s Bitcoin Holdings
In addition to its move into AI, Tether has also been snapping up Bitcoin. It now holds over 28 billion worth of the cryptocurrency, making it one of the largest corporate BTC holders.
About Tether
Based in the British Virgin Islands, Tether launched the USDT stablecoin in 2014. It is currently the third largest cryptocurrency by market capitalization after Bitcoin and Ethereum. USDT aims to maintain a 1:1 peg to the US dollar.
