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Tether expands into AI with apps

Tether expands into AI with apps

GrafaGrafa2025/02/06 09:10
By:Isaac Francis

Tether (CRYPTO:USDT), the issuer of USDT, is expanding into artificial intelligence (AI) by developing various AI applications, including an AI Bitcoin Wallet Assistant, AI Translate, and AI Voice Assistant, according to CEO Paolo Ardoino.

Tether plans to launch an open-source AI SDK platform built upon Bare, a JavaScript runtime, compatible with various hardware, ensuring data privacy and self-custody.

Tether Data's apps will prioritise local operation on any device, providing users with full privacy and control over their data and funds.

The AI Bitcoin Wallet Assistant allows users to check their BTC balance and send BTC to contacts via an AI chatbot interface.

Tether’s AI Translate is a basic AI chatbot translation tool, while the AI Voice Assistant responds to voice inputs instead of text.

Ardoino mentioned in December 2024 that the draft for Tether's AI platform site was ready, targeting a launch by the end of Q1 2025.

These applications will be integrated into Tether Data, the company’s proprietary AI Software Development Kit (SDK) platform.

“This PaaS will be available to any company interested in (pre-)training own models," Paolo also stated.

The firm's interest in AI became apparent in 2023 when it acquired a stake in European crypto miner Northern Data Group, specialising in cloud computing and generative AI.

In March 2024, Tether expanded its AI operations with a global recruitment drive, aiming to push the boundaries of AI technology.

Tether's USDT is the third-largest cryptocurrency, with a market cap of $141 billion, following the issuance of another billion dollars' worth on February 5.

Tether announced record-breaking profits of $13 billion in 2024 and holds a stockpile of US government bonds worth approximately $113 billion.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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