Tether Ventures into AI Realm with Focus on Transparency and Privacy

The blockchain company Tether, known for its USDT cryptocurrency, has announced its expansion into the realm of artificial intelligence. The company revealed its intentions on Tuesday, stating that this move is aimed at enhancing the accessibility and efficiency of AI technologies. Tether’s approach to AI will emphasize the development of open-source, multimodal AI models and the establishment of new industry standards.

Tether’s Strategic Expansion into AI

Paolo Ardoino, the CEO of Tether, expressed his enthusiasm about the potential of AI to transform various aspects of our lives, both in the physical and digital domains. He stated, “Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds.” Tether’s recent investment in Northern Data Group, a firm renowned for its robust and high-performance technologies, aligns with the company’s vision for AI.

In November, Tether invested a significant sum of $622.6 million in Northern Data Group, a Frankfurt-based technology company specializing in generative AI cloud platforms, Bitcoin mining operations, and data center infrastructure. This investment underscores Tether’s commitment to advancing AI technology.

Tether’s Commitment to AI Innovation and Transparency

As part of its AI initiative, Tether has announced new job openings within its Tether Data division, including positions for an AI Engineer and Head of AI Research and Development. These roles are primarily remote, with Tether’s office locations spanning across major cities such as Paris, Madrid, London, and Milan.

Tether’s focus on AI also aims to address concerns over the monopolization of AI technologies by large tech corporations. The company is stepping forward to advocate for transparency and privacy in the development of AI models.

Despite facing scrutiny last year for failing to disclose its connections to Chinese companies, Tether has continued to grow and innovate. Originally launched as “Realcoin” in late 2014, Tether Limited rebranded its cryptocurrency to USDT. USDT is currently the third-largest cryptocurrency by market capitalization, trailing behind Bitcoin and Ethereum. Unlike its counterparts, USDT is a stablecoin, designed to maintain a stable value pegged to the U.S. dollar, currently trading at $0.99 according to CoinGecko.

The intersection between AI and cryptocurrency is becoming increasingly prominent as AI continues to disrupt various business sectors. Companies like Nvidia have successfully navigated both industries, achieving record profits and stock prices. Although USDT is not specifically focused on AI, the broader cryptocurrency market, including AI tokens, has experienced significant growth since the launch of Bitcoin ETFs in January. Tokens such as Fetch AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN have all seen notable increases in their trading values over the past week.

Green Bitcoin: A Fresh Take on Sustainable Cryptocurrency Investing

This year, the cryptocurrency scene is buzzing with the arrival of Green Bitcoin, a new player that’s setting itself apart with its eco-friendly approach and a unique “Predict to Earn” staking mechanism. This innovative feature empowers investors to accumulate rewards by forecasting the price fluctuations of Bitcoin. What’s more, long-term holders are in for a treat, as they can rake in additional APY rewards.

Participants in the staking program are eligible for bonus rewards ranging from 5% to 15%, depending on the length of their staking period. This setup ensures that investors can still come out ahead, even if their price predictions don’t hit the mark. With a substantial 27.5% of its total supply earmarked for staking, Green Bitcoin’s presale has already made a splash, raking in over $1.1 million. This strong start underscores its growing influence in the niche market of environmentally conscious cryptocurrencies.

Visit Green Bitcoin Presale

Related News

  • Paolo Ardoino Takes the Helm at Tether: A New Era Begins
  • AI Trading For Beginners – Best AI Trading Bots
  • Best AI Crypto Coins to Buy – Invest in Artificial Intelligence

Comments

Post a Comment

Popular posts from this blog

Dogecoin Price Prediction for Today, November 11—DOGE Technical Analysis

Image
Dogecoin (DOGE) has recently achieved a three-year high, currently trading at $0.28. The meme coin has overtaken both XRP and USDC, rising to the sixth-largest cryptocurrency by market capitalization. DOGE Key Statistics Current Price: $0.28 Market Cap: $40.58 billion Trading Volume (24h) : $18 billion Circulating Supply: 146.7 billion DOGE Total Supply: 146.7 billion DOGE CoinMarketCap Ranking: #6 DOGE’s performance has been exceptional, with a 151% increase over the past month and an impressive 84% rise in the last week alone. DOGE’s recent price action has seen it rise above $0.23, a level not seen since November 2021, and the coin now targets the $0.30 level as it maintains upward momentum. This strong momentum could put DOGE on a path to retest its all-time high of $0.7376, reached in May 2021. DOGE/USD Market Analysis Key Levels Resistance : $0.30, $0.35, $0.40 Support : $0.25, $0.22, $0.20 DOGEUSD – Daily Chart In the DOGEUSD daily chart...
Read more

Silver Trends Amid Gold's Price Hike: Why is Silver Rising?

Image
Silver is also experiencing a notable price hike amid the recent gold rush. The metal has finally broken its consolidation phase, embracing bullish momentum and pace.  Silver has long been stuck in a consolidation phase, portraying a reluctant stance on its price threshold. However, with the growing demand and the metal’s prestige growing stronger, the price of silver has finally broken past several resistance levels to reach $27.3 at press time.  Also Read: Currency Wars: Declining USD Bolsters Prospects for Gold and Silver Why is Silver Rising?  Image Source: Unsplash The financial markets around the world are undergoing a dynamic shift. With user sentiment shifting towards accumulating robust metals as a hedge against inflation, the prices of gold and silver are touching new highs.  Silver is up $27 an ounce, while gold price sits at the $2300 threshold. The demand for these metals has grown tremendously as users are now transitioning tow...
Read more

Bitcoin Loses Crucial Support, Poised For Return To $54,000 – Analyst

Image
The price of Bitcoin has maintained a consistent decline over the past week following several economic and market developments. According to data from CoinMarketCap, the premier cryptocurrency currently hovers around the $60,000 price zone, having lost over 11.17% of its market value in the last seven days. As many crypto enthusiasts may hope Bitcoin finds some stability soon, CryptoQuant analyst abramchat has predicted a reverse scenario, indicating the crypto market leader may experience more losses in the coming days. Related Reading Wondering When To Buy Bitcoin? Here Are The Levels To Watch 15 hours ago Bitcoin Price Far From Recovery?  In a Quicktake post on CryptoQuant, abramchat stated that amidst the recent market downturn, Bitcoin has now lost a vital short-term support at the $64,580 price mark, which represents the average pr...
Read more