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Cryptocurrency News Articles

Tether Stakes AI Claim, Launches Subsidiary for Open-Source Innovation

Mar 27, 2024 at 12:00 am

Tether Stakes AI Claim, Launches Subsidiary for Open-Source Innovation

What's Tether's Game Plan with AI?

Tether's got its sights set on AI, and they're bringing in the big guns to make it happen. Their new subsidiary, Tether Data, is all about open-source, multi-modal AI models that they think will rock the crypto world.

The AI Dream Team

To pull this off, Tether's poaching top AI talent from everywhere to beef up their team. They want to lead the charge in AI innovation, so they're going after the best and brightest.

What's Their Angle?

Tether Data's got three main goals:

  • Cook up Open-Source AI Models: They're going to build these AI rock stars for free and share them with the world. More brains for everyone!
  • Integrate AI into Products: Think of it like giving AI superpowers to existing crypto products. They'll tackle real-world problems that make you go, "Whoa, AI is the bomb!"
  • Promote Open AI: They'll show off their AI masterpieces to the world and encourage others to join the open-source AI revolution. It's like a "come and get your AI" party!

Why Now?

Tether's been playing the long game, investing in renewables, telecommunications, and even bitcoin mining. Now, they're doubling down on AI, and here's why:

  • AI Monopoly Alert: Tech giants like Microsoft and Google are cornering the AI market, but Tether's aiming to keep it open and fair for all.
  • Privacy and Transparency: Tether Data's all about making sure AI plays nice and doesn't overstep any boundaries. They're putting your digital rights first.
  • USDT Milestone: Just last month, Tether's stablecoin, USDT, hit a sweet milestone – a $100 billion market cap. That's a 9% growth since the start of the year. Sounds like Tether's got the wind in its sails.

So, what's next? Tether's AI journey is just getting started. Let's see how they shake up the crypto landscape with their AI magic.

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Other articles published on Nov 03, 2024