Tether, the organization behind the USDT stablecoin, has revealed its new AI division, signaling a strategic move into the realm of artificial intelligence. The primary focus of Tether’s AI expansion is on developing open-source AI models and fostering collaborations to implement these innovations in practical applications.

According to a recent statement from the company, the dedicated AI unit will work on creating open-source AI models and partnering with other companies to incorporate them into products that can address real-world challenges. As part of this initiative, Tether is currently recruiting a head of AI R&D and AI engineers to join the team.

In a significant development, Tether has secured a key investment in one of the world’s leading AI infrastructure providers, paving the way for access to cutting-edge AI computing resources. This move underscores Tether’s commitment to staying at the forefront of technological advancements in the AI space.

Tether, renowned for its creation of the USDT stablecoin, a digital currency pegged to the US dollar with a market cap exceeding $105 billion, is now venturing into the realm of AI. The company’s CEO, Paolo Ardoino, described the establishment of the AI division as a groundbreaking step that pushes the boundaries of AI and democratizes privacy-preserving open AI technology.

This strategic move towards AI builds upon Tether’s previous investments, including its stake in Northern Data, a Frankfurt Stock Exchange-listed entity that transitioned from cryptocurrency mining to providing computational resources for AI-driven data analysis. Tether’s foray into AI signifies a broader effort to stay ahead of the curve in technological innovation and harness the power of artificial intelligence for future growth opportunities.

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