Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry.
For this task, Tether is opening a global recruitment for “top-tier talent” to help them establish a new division dedicated to these developments.
Tether Turns to AI, Opens Recruitment of Top-Tier Talent
Tether, the largest stablecoin company in the cryptocurrency industry, formally announced its expansion to the artificial intelligence (AI) field.
In what the company qualified as a milestone, Tether explained that it is moving to be part of this industry motivated by the growing concerns surrounding the monopolization of the developments and technologies in this field.
As part of this expansion, Tether outlines two fields of action.
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The company will first focus on developing open-source alternatives to the multimodal AI models that are publicly available, seeking to set new standards.
While several open-source multimodal AI models exist, they are generally less capable than their closed-source counterparts.
The organization will also focus on integrating AI solutions into market-driven products to address real-world challenges. It vows to contribute to the broader ecosystem through these developments, simultaneously advancing the open AI field.
To achieve this task, Tether is opening a recruitment period for individuals to be part of its new AI division, emphasizing democratizing open and private developments in this field. It has opened two new remote-based positions, seeking a head of AI research and development, and an AI engineer.
Paolo Ardoino, CEO of Tether, stressed this tech’s significance for the future of humankind. He stated:
“Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds.”
Furthermore, he added that this move aligned with Tether’s previous investment in Northern Data, having lent $610 million to provide funding to revamp the company’s hardware.
In September, Tether announced an investment of $420 million in Nvidia’s AI-capable graphics processing units (GPUs).
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