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USDT stablecoin issuer Tether hiring for AI division

Tether’s AI Talent Hunt: Pioneering Industry Standards Tether Operations Limited, the issuer of USDT, has previously made a confidential investment in Northern Data Group as part of its ongoing initiatives to strengthen its artificial intelligence division. Last year, Tether Operations Limited made …

AuthorBTW Editorial

Reading Time2 min

PublishedMarch 27, 2024

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Tether Operations Limited, the issuer of USDT, has previously made a confidential investment in Northern Data Group as part of its ongoing initiatives to strengthen its artificial intelligence division. Last year, Tether Operations Limited made a private capital injection into the Northern Data Group, a move aimed at enhancing its AI operations.

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Pending intelligence enrichment.

Analysis

Also read:Tether partners with Celo network to expand USDT distribution On Tuesday, Tether revealed its ambition to augment its AI expertise by actively recruiting leading AI professionals. The company’s objective, as stated in their announcement, is to “initiate the creation of open-source, multimodal AI models that will establish fresh benchmarks within the industry, propelling innovation and making AI technology more accessible.” Currently, Tether has advertised two positions, one for a leader in AI research and development and another for an AI engineer. Tether’s prior attempts to reinforce its AI capabilities included a substantial but undisclosed investment in Northern Data, a German data center operator, in September 2023. Subsequently, in November 2023, Tether furthered its financial support to Northern Data by increasing its debt financing to $610 million, as part of a broader range of initiatives.