Summary
TLDR: Tether has created a new AI division called Tether data, looking to hire AI engineers and researchers. The stablecoin issuer aims to build open AI models and integrate AI solutions into their products. Tether’s main business of issuing stablecoins has been profitable, with the company also investing in Northern Data Group for AI development. The AI unit will collaborate with market-driven products and advance open AI.
Key Points
1. Tether has established a new AI division named Tether data, which is looking to hire an AI engineer and a head of AI research and development.
2. Tether’s main business of issuing stablecoins has grown increasingly dominant, with Tether’s USDT currently accounting for around 70% of all stablecoins.
3. Tether has invested 575 million euros in Northern Data Group, a company that houses data centers with hardware like GPUs for AI development, as part of its AI vision.