In March 2024, Tether, one of the largest cryptocurrency companies in the industry, announced its expansion into artificial intelligence (AI), positioning itself as an innovator in this field.
It aims to solidify its role as a pioneer in shaping this technology by making investments and shifting its operational focus.
This blog will go over how Tether plans to expand into AI and whether it will be enough to challenge the tech giants and shake Silicon Valley in the near future.
Tether Takes on Big Tech with Strategic Acquisitions and a Clear Roadmap
Tether has been riding the waves of innovation since its inception in 2014. The company has gained a reputation for making strategic investments, especially in telecommunications, renewable energy, and bitcoin mining. Since we’re on the topic of innovation, be sure to click on 777 Bet Login to sign up or register an account for an innovative crypto-based online casino and enjoy some exciting fun. Now, let’s get back to the topic.
Recently, Tether has set its eyes on bigger goals. It aims to take on Big Tech that has dominated the industry and monopolized AI technologies by focusing on several key areas, including the following:
Tether Aims to Make AI Technology More Accessible
AI technology has long been far from accessible. Tether aims to develop open-source AI models that could set new standards in the industry, driving innovation and ensuring widespread access. But what impact will this have on businesses and end consumers? To understand the impact of Tether’s open-source AI model, let us consider the example of Tesla, an American automotive company. Elon Musk, the CEO of Tesla Motors, has done something that many businesses would never do: share their secret recipe.
The man behind Tesla made sure everything was published online, from design blueprints to technological innovations. Musk stated that this move would encourage innovation and spur fair and tough competition among the new and existing players. Tether has taken a similar stance by improving accessibility to innovative AI technologies to push new boundaries and keep the wheels of invention moving.
Tether Plans on Integrating AI into Its Upcoming Products
While cryptocurrencies may appear advanced, there are a lot of hurdles that companies need to overcome. Tether plans on collaborating with other industry giants to integrate AI solutions into its upcoming products, using the latest technology to address the real-world challenges that businesses and investors face.
Tether Promises to Engage Actively with Other Stakeholders
Tether understands that it cannot dominate the industry alone due to the nature of cryptocurrencies and the framework that supports them. Recently, the company announced that it would actively engage with the relevant stakeholders through community contributions. This would propel AI research to the next level while showcasing Tether’s unique abilities.
Tether Takes Its First Step to Achieve Its Artificial Intelligence Goals
Since its announcement of taking on AI technologies through integration and collaborations, critics have slammed the company for making huge claims without taking any positive steps to achieve its goals. However, recent news suggests that Tether is serious about revamping its technology department. In March 2024, Coindesk published an article highlighting the steps the company has taken to establish itself as a dominant stablecoin in the industry. Tether announced a global recruitment drive to attract top talent from all over the world, marking a significant milestone in upgrading its burgeoning AI division.
While the media may not be catching on to what the company is doing, Tether may have already hired a head of AI research and development, as well as an AI engineer. The division aims to redefine AI boundaries, prioritize open-source AI models, and democratize privacy.
Tether Invests Millions into a Partnership with a Data Cloud Provider
According to Paolo Ardoino, CEO of Tether, the company has recently partnered with Northern Damoon Designated Activity, which is owned majority by Northern Data Group, a data cloud provider with a stake in a subsidiary jointly owned by Tether.
All of this may sound confusing, but this essentially means that Tether has access to €400 million worth of Nvidia graphic processing units (GPU). This computing power would enable Tether to branch into AI-related data crunching and analytics. Ardoino stated that the recent $437 million acquisition aligns with the company’s vision to redefine AI boundaries and set industry benchmarks across various categories, including innovation, utility, and transparency.
While access to such enormous computing power can further propel the stablecoin’s success, Tether is also relying on Northern Data Group and its vast infrastructure to train AI models.
Tether Pushes the Boundaries of What’s Possible with Blackrock Neurotech
Tether has also made a strategic investment in Blackrock Neurotech, pioneers of Brain-Computer-Interface (BCI) technology. BCI enables paralyzed patients to operate robotic arms, send messages, drive a car, and maneuver a wheelchair, among many other things.
According to the co-chairman of Blackrock Neurotech, the company is set to change millions of lives across the world. It aims to revolutionize healthcare and push mankind forward. To date, 40 individuals have successfully been using Neurotech’s innovative medical solutions. In 2016, the company made headlines with one of its patients, Nathan Copeland, who used BCI to control a robotic arm to fist bump the then-president of the United States, Barack Obama. Copeland reported feeling sensations when he touched the president’s hand.
With $200 million invested in acquiring a stake in Blackrock Neurotech, Tether aims to commercialize innovative medical solutions. It’s a strategic move that enables the company to expand into other fields, driving technological innovation and enhancing human capabilities.
Final Thoughts: Can USDT’s Success Shake Big Tech?
USDT’s success relies on its framework and advanced technology, but can it tackle Tech Giants like Microsoft and Google? Tether’s recent investments, acquisitions, and strategies suggest that it is seriously considering moving into other fields that were once dominated by a few businesses. Critics view this massive shift in the company’s policy as daring, while advocates praise Tether for its constant innovation. Whether or not Tether will challenge technological giants in the near future depends on the type of ecosystem it builds. Tesla is worth far more than its total value of assets because of what the company is trying to achieve: creating a sustainable future through innovative products.
Tether is aiming to do the same, and if it unlocks the secret to success, it could be well on its way to challenging Tech Titans like Microsoft and Google. At the same time, it may also receive support from Congress and the Department of Justice, which are currently pressuring these companies to dismantle the monopolies they have built over the past few decades.
