Tether Operations Limited, the company behind the Tether stablecoin in the blockchain and cryptocurrency industry, has revealed its plans for a significant expansion in its artificial intelligence (AI) focus. Alongside this expansion, Tether is embarking on a global search for top-tier talent to join its AI division.
This strategic shift in focus comes as Tether expresses concerns about the monopolization of AI technologies by Big Tech. In a press release, Tether’s Data division emphasized its commitment to championing transparency and privacy in AI model development.
Tether’s AI expansion will build upon its previous endeavors, including its recent investment in Northern Data Group.
A spokesperson for Tether informed Cointelegraph about the company’s three-pronged approach to this expansion. Firstly, Tether aims to pioneer the development of open-source, multimodal AI models that will establish new industry standards and enhance accessibility within the AI technology sector.
The next phase involves collaborating with other industry leaders to bring innovative products and services to market, using AI technology to tackle real-world challenges.
Lastly, Tether plans to actively engage with the wider ecosystem through community contributions, showcasing its products and contributing to the advancement of open AI.
To support these ambitious plans, Tether is launching a global recruitment drive to attract top-tier talent to its AI division. Tether Data’s recruitment page currently lists two available positions: one for an AI engineer and another for a head of AI. Both positions will be based in Europe.
Tether has confirmed that it is actively seeking candidates for these positions as part of its new division.
In related news, the International Monetary Fund (IMF) has recommended the use of stablecoins and central bank digital currencies (CBDCs) to boost the economies of Pacific Islands. This recommendation highlights the growing recognition of the potential benefits of digital currencies in promoting economic growth and financial inclusion.