The issuer of stablecoin USDT, Tether, announced on Tuesday (26th) its strategy expansion in the field of artificial intelligence (AI) and launched its AI department, tether data, to recruit employees.
Tether data will focus on the development of open-source AI models and collaborate with other companies to integrate the models into products to address real-world challenges. The department has started recruiting positions such as AI research director and AI engineers.
Paolo Ardoino, CEO of Tether, stated in the announcement that the department will “redefine the boundaries of artificial intelligence and democratize open-source AI technologies with privacy protection.”
The newly established department continues Tether’s AI strategy expansion, which started last year with an investment in Northern Data. The company, listed on the Frankfurt Stock Exchange, transformed from a cryptocurrency mining business to providing computing power for AI-related data processing.
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