Tether Broadens its Horizons: Venturing into AI
Tether, the company renowned for the largest stablecoin USDT, has revealed its ambitious move into the realm of Artificial Intelligence (AI). The company aims to enhance the accessibility and effectiveness of AI through its latest initiative. Moreover, Tether is actively seeking top-tier talent to bolster its new AI division.
Tether’s Venture into AI
– Tether has officially announced its strategic expansion into the field of AI.
– The focus is on advancing AI technologies and fostering innovation.
– The company aims to lead in developing multimodal and open-source AI models.
– Collaboration with market partners to integrate AI solutions for real-world challenges.
– Demonstrating groundbreaking projects in the realm of open AI to showcase innovation.
Recruitment Drive for AI Division
– Tether launches a global recruitment campaign for skilled professionals in AI.
– Paolo Ardoino, CEO of Tether, emphasizes the revolutionary potential of AI.
– Investment in the Northern Data Group aligns with Tether’s forward-looking vision.
– Tether’s commitment to innovation evident through strategic investments in various sectors.
– The new AI division sets benchmarks for transparency, innovation, and utility.
USDT: Flagship Stablecoin with a Growing Market Cap
– The market cap of USDT stands at a substantial $104 billion.
– USDT’s market cap has shown steady growth, especially in the last year.
– Market cap accelerated significantly from November 2023, preceding the recent bull run.
– USDT witnessed a $5 billion increase in market cap from April to October 2023.
– Subsequent growth from November onwards saw a nearly $20 billion surge in market cap.
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