Tether Operations Limited, the blockchain and cryptocurrency company behind the Tether stablecoin, has announced a strategic expansion of its artificial intelligence (AI) focus alongside a global recruitment drive for “top-tier” talent for its AI division.
The expanded strategic focus comes amid concerns “over the monopolization of AI technologies by Big Tech,” according to a press release from Tether. The company says its Tether Data division “is stepping forward to champion transparency and privacy in AI model development.”
Tether also said the company’s strategic AI expansion would build on its previous operations, including its recent investment in Northern Data Group.
A company spokesperson told Cointelegraph:
“Tether plans to push the boundaries of AI technology, not only making high-performance and privacy-preserving AI technologies accessible for personal use but also setting new industry standards for innovation and utility. The investment in Northern Data Group will help Tether pursue AI projects by leveraging Northern Data’s highly advanced GPU and compute infrastructure, to address real-world challenges in a more objective and transparent way compared to what we have seen from the current leading companies. AI potential is so groundbreaking that its impact can become bigger than the Internet itself.”
As part of the expansion, Tether laid out a three-pronged approach. The first part of the plan is to “pioneer the development of open-source, multimodal AI models to set new industry standards, driving innovation and accessibility within AI technology.”
The next phase of the expansion involves leading collaborations to bring products and services to market and “leveraging the technology to address real-world challenges.”
Finally, Tether intends to actively engage with “the broader ecosystem through community contributions” in order to showcase its products and “advance the field of open AI.”
The company also announced a global recruitment drive seeking “top-tier” talent for its AI division. Tether Data’s recruitment page shows two available positions, one for an AI engineer and the other for a head of AI. Both positions are in Europe.
Tether told Cointelegraph that “as of now, Tether is actively recruiting for this new division.”
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