Tether Operations Limited, the blockchain and cryptocurrency company responsible for the Tether stablecoin, has revealed its plans for a strategic expansion in the field of artificial intelligence (AI). In addition, the company is actively seeking top talent to join its AI division.
Tether’s decision to focus on AI comes as a response to concerns about the dominance of Big Tech companies in the AI sector. The company’s Tether Data division aims to promote transparency and privacy in the development of AI models.
This expansion builds on Tether’s previous endeavors, including its recent investment in Northern Data Group.
To carry out its expansion plans, Tether has outlined a three-pronged approach. Firstly, the company aims to develop open-source, multimodal AI models that will set new industry standards and drive innovation and accessibility in AI technology.
The second phase involves collaborating with other industry leaders to bring AI products and services to the market and to address real-world challenges using this technology.
Lastly, Tether intends to engage with the wider AI community through community contributions in order to showcase its products and contribute to the advancement of open AI.
Tether is also actively seeking top-tier talent to join its AI division. The company’s recruitment page currently lists two available positions: an AI engineer and a head of AI. Both positions are based in Europe.
Tether has confirmed that it is actively recruiting for its new AI division.
In related news, the International Monetary Fund (IMF) has recommended the use of stablecoins and central bank digital currencies (CBDCs) to boost the economies of Pacific Islands.