What to know:
- Tether aims to debut an artificial intelligence platform in Q1 2025, CEO Paolo Ardoino said in an X post on Friday.
- The company issues the $140 billion USDT stablecoin, and recently invested in several sectors including AI to expand beyond stablecoin issuance.
As a researcher with a background in both finance and artificial intelligence, I find Tether’s move to enter the AI market intriguing. With my years of experience tracking the evolution of the cryptocurrency industry, it’s clear that companies like Tether are recognizing the need to diversify their operations beyond stablecoin issuance to stay competitive in this rapidly changing landscape.
The company Tether, known for the $140 billion cryptocurrency USDT in the crypto world, is developing an artificial intelligence (AI) system and plans to launch it as early as next year, as shared in a post by its CEO, Paolo Ardoino.
On Friday, Ardoino shared a preview of the website for Tether’s AI platform, which is planned to launch by the end of Q1 2025.
Tether, recognized for releasing USDT – the most widely-used stablecoin available, has been actively working to broaden its operations beyond just stablecoin issuance, spearheaded by Ardoino’s leadership.
This entity has diversified its investments recently, expanding into various industries such as energy, payment systems, telecommunications, and artificial intelligence. It also delved into commodity trading finance, while restructuring its company organization to better represent its growing areas of interest.
As an analyst, I’d rephrase that statement like this: In the previous year, I (the analyst) observed that Tether made an investment in the artificial intelligence and cloud computing company, Northern Data. This move suggests a burgeoning curiosity on Tether’s part regarding the field of Artificial Intelligence.
As an analyst, I find myself intrigued by the scant details surrounding the forthcoming AI platform from Tether. Yet, their eagerness to enter the fiery AI sector hints at the burgeoning fusion of cryptocurrency and artificial intelligence – a development that I can’t help but observe with keen interest.
Tether was contacted by CoinDesk for further information regarding their new product, yet they didn’t respond before the deadline for publication.
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2024-12-20 22:21