Tether Operations Limited, the company behind the Tether stablecoin in the blockchain and cryptocurrency industry, has revealed its plans for an expanded focus on artificial intelligence (AI). This move is in response to concerns about the dominance of Big Tech in the AI sector, according to a press release from Tether. The company’s Tether Data division aims to promote transparency and privacy in AI model development.
Tether’s strategic AI expansion will build upon its previous efforts, including its recent investment in Northern Data Group. A spokesperson for the company stated that Tether has outlined a three-pronged approach for this expansion. The first part involves developing open-source, multimodal AI models to set new industry standards and enhance accessibility within AI technology.
The second phase of the expansion revolves around collaborations with other entities to bring innovative products and services to the market. Tether also plans to leverage AI technology to address real-world challenges. Lastly, the company aims to engage with the broader AI ecosystem through community contributions, demonstrating its products and contributing to the advancement of open AI.
To support these plans, Tether has initiated a global recruitment drive to attract top-tier AI talent. The company is actively seeking candidates for two positions within its AI division: an AI engineer and a head of AI. These positions are based in Europe, as indicated on Tether Data’s recruitment page.
Tether confirmed that the recruitment process is currently underway and stated that it is actively looking for individuals to join this new 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 the Pacific Islands.