Tether CEO Paolo Ardoino said in an interview with Wired that Tether is well-funded and is currently entering unfamiliar new areas such as artificial intelligence. The plan is to challenge Microsoft, Google and Amazon. The company has acquired a majority stake in neural implant technology startup Blackrock Neurotech and invested in data center operator Northern Data Group, whose infrastructure is used to train AI models. Due to rising interest rates, Tether has made extremely high profits in the past two years and can currently earn 5.5% profit from reserves. In the past 24 months, Tether has accumulated profits of about $11.90 billion.
In addition, Paolo Ardoino revealed that he is in discussions with some of the Big Four accounting firms to promote relevant audits.
Tether CEO: Earn 5.5% profit from reserves and will enter the AI market
2024-08-12 12:30:31
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