The crypto firm behind USDT, the biggest stablecoin by market cap, is expanding its focus to artificial intelligence (AI) technology.

In a new press release, Tether announces they are expanding their AI focus and operations.

Tether says its commitment to innovative technology has led the firm to step into the AI space “to champion transparency and privacy in AI model development.”

The company plans to expand into AI in several important areas, according to its statement.

“Firstly, Tether data plans to pioneer the development of open-source, multimodal AI models to set new industry standards, driving innovation and accessibility within AI technology.

It will also lead collaborations to integrate AI solutions seamlessly into market-driven products, leveraging the technology to address real-world challenges. Lastly, actively engaging with the broader ecosystem through community contributions, Tether data seeks to advance the field of open AI while showcasing its innovative projects.”

Furthermore, Tether announced that they are recruiting top talent to join their growing AI team.

Say Tether CEO Paolo Ardoino,

“Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds. Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision.

Today’s announcement establishes a new division within Tether, redefining AI boundaries and democratizing privacy-preserving open AI technology while setting industry benchmarks for innovation, utility, and transparency.”

Tether has already begun recruiting for the AI division on its careers page.

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