- USDT issuer is trying to expand its AI capabilities by building up its AI division.
- Tether’s investment in Northern Data Group is in line with its vision.
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 a private capital injection into the Northern Data Group, a move aimed at enhancing its AI operations.
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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.
Expanding AI Horizons: Tether’s Investment in Northern Data Group
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.
Paolo Ardoino, CEO of Tether, expressed that the investment in Northern Data Group, renowned for its robust and high-performing technologies, is in perfect harmony with Tether’s strategic vision. He added that the recent announcement marks the establishment of a new AI division within Tether, aiming to push the boundaries of AI, make privacy-preserving open AI technology more accessible to all, and set new industry standards for innovation, practicality, and transparency.
