HomeNEWSTether turns focus to AI, set to commence massive recruitment

Tether turns focus to AI, set to commence massive recruitment


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Popular stablecoin issuer, Tether in a bid to become a leading figure in the artificial intelligence landscape has announced a strategic expansion that will see the firm hire talents massively. According to a statement released by the firm on Tuesday, Tether will initiate the expansion to “position itself at the forefront of innovation.”

This expansion effort according to Tether will see the firm embark on a massive recruitment of talents to boost its pursuit in the AI ecosystem. More so, in the statement, Tether emphasized its commitment to advancing AI accessibility and efficiency. With the expansion, the firm intends to enhance its position as a pioneer in shaping the future of technology. Additionally, the firm stressed its focus on disrupting the monopolization of AI technologies by top tech companies. 

Therefore, Tether will leverage the strategic expansion to foster transparency and privacy in AI model development. To ensure more transparency in the industry, the stablecoin issuer will focus on the development of open-source and multimodal AI models. With this focus, the firm intends to set a new industry standard and drive innovation and accessibility within the AI landscape. 

In reference to designing open-source initiatives, the firm will actively interact with the larger AI ecosystem via community feedback. Similarly, Tether intends to collaborate with other tech companies and integrate their AI solution to advance market-driven products. Consequently, the company with the support of AI-driven solutions intends to address real-world problems. 

How Tether Intends to Becoming a Force to Reckon Within the AI Landscape 

It is worth mentioning that Tether has established itself as a leading force in the stablecoin landscape and the cryptocurrency industry at large. Recently, USDT, the core product of the firm, hit a massive $100 billion market capitalization. The landmark height highlighted how USDT extended its lead in the stablecoin market ahead of its nearest rival, USDC. 

In the past, we’ve witnessed how Tether has championed various initiatives in the crypto and blockchain space to drive their adoption. Now, the expansion into the AI industry marks a significant milestone for the company. The CEO of Tether, Paolo Ardoino provided insights into the latest pursuit of the firm. 

In his submission, the CEO stated that Artificial intelligence can revolutionize nearly every facet of human lives, both in the real and digital worlds. Also, Paolo Ardoino revealed that the firm has invested in Northern Data Group to drive its new focus on artificial intelligence. Lastly, the CEO said the focus on the technology will help in “redefining AI boundaries and democratizing privacy-preserving open AI technology while setting industry benchmarks for innovation, utility, and transparency.”

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David Idowu
David Idowu
David Idowu is a crypto reporter and trader with wealthy years of experience. He believes that blockchain technology has numerous opportunities that are begging for proper utilization. Away from work, David is either reading about World Politics, History or Tech Innovations.

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