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Tether Unveils AI Division Data for Open-Source AI Revolution – Crypto News

Published

1 year ago

March 26, 2024

Dripp

Tether, the stablecoin issuer of USDT, has revealed its foray into the artificial intelligence (AI) sector. With a market capitalization of over $104 billion, the company launches ‘Tether Data,’ a new division focused on pioneering open-source, multimodal AI models. This program targets the use of AI solutions in commercially driven products, which the industry has been requesting in terms of more transparency and privacy.

The entry of Tether Data shows an important moment for the company, which is usually characterized by its investments in different areas such as renewable telecommunication, energy, and bitcoin mining. Tether CEO Paolo Ardoino pointed out AI’s transformative nature in real and digital worlds. The establishment of this division is a new turn for Tether, where the company will be on track with AI and privacy-preserving technology.

Tether’s Cooperative Push for AI Innovation

A key element in Tether Data’s mission is the creation of open-source AI models. This strategy is placed within the setting of growing worries concerning the monopolization of AI technologies by tech giants, including Microsoft, Facebook, and Google. The importance of transparent privacy is what Tether Data tries to lead, by example, in the realm of accessible AI development.

In addition, Tether Data looks to develop cooperation across the market. Utilizing AI in products and interacting with the community, Tether aims to create a substantial impact on the ecosystem. This collaborative effort is designed to spur innovation and ensure that the benefits of AI technology are widely accessible.

Elon Musk and Open Source

This action by Tether Data is at a point when debate on the openness of AI technologies has been brought to the fore. Elon Musk recently sued Open AI regarding its closed-source models and, in retaliation, released his own ‘Grok’ model to the public. This litigation focuses on the increasing controversy around the transparency and availability of AI systems.

Tether Data’s venture into open-source AI is well-timed. The commitment by Tether to developing transparent and privacy-centered AI models adds a strong part to the debate. This step not only rebels against the traditional way of doing things but also falls in line with the general industry trends of the development of more open and moral AI.

Tether Data has started a worldwide hiring campaign to promote its AI efforts. It aims to invite AI-passionate individuals, allowing them to explore career opportunities in its rapidly expanding AI division. This recruitment effort is part of the company’s broader strategy to lead in the development and integration of AI technologies.