Recently, many firms have been continuing to show interest in AI within the Web3 space, and Tether is reportedly among them. The other day, news about a merger to create an AI powerhouse that integrates Web3 technology and AI surfaced, and since then, the AI craze has continued to grow. Tether, the world’s leading stablecoin issuer, has reportedly joined the race by introducing plans to expand beyond its current horizon. The stablecoin issuer announced on March 26th its new plans to expand its AI focus.
AI Technology has massively improved in the past couple of years, and most tech and crypto firms are looking to be part of these developments. Speculations show that AI will be a significant player in the future of Web 3, and Tether is not looking to lag behind.
According to the announcement, Tether Operations Limited expressed interest in Artificial Intelligence. The multi-billion dollar stablecoin firm with a market cap of $100 billion will undoubtedly reshape the developments in the industry through this new project.
The new AI focus is a revolutionary step towards advancing AI adoption in Web3. This announcement coincides with the recent merger between Ocean Protocol, Fetch.ai, and SingularityNET to create an $ASI token (A Superintelligence token) in a bid to compete with Big Tech.
Tethers AI focus; What to Expect?
Tether’s AI pioneer project is reportedly focusing on multiple areas of development. Although not so much information has been released, it hints that there are plans to pioneer the development of open-source, multi-modal AI models that will set new industry standards.
The goal is to drive innovation within the AI space by promoting the development of market-focused products and solving real-world problems. Tether Operations Limited’s press release mentions that the firms seek to engage deeply with the broader ecosystem through community contributions.
In a bid to ensure this new frontier becomes a success, Tether Data has also announced mass recruitment of top talent to help drive innovation within the AI space as the company seeks to make its mark as a progressive contributor to the AI space, a team of qualified AI engineers in R&D is being set up to ensure success.
Paolo Ardoino, CEO of Tether, said, “Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds.” The statement shows Tether’s commitment to staying relevant to current and future trends in the field.
He doubled down by saying, “Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision. Today’s announcement establishes a new division within Tether, redefining AI boundaries and democratizing privacy-preserving open AI technology while setting industry benchmarks for innovation, utility, and transparency.”
Following the press release, the firm has invited qualified, like-minded individuals to explore their careers page for an opportunity to build the future together.
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