Tether CEO Paolo Ardoino said in an interview with Wired that Tether is well-funded and is currently venturing into unfamiliar new areas such as artificial intelligence. The plan is to take on 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 the rise in interest rates, Tether has made extremely high profits in the past two years and is currently earning 5.5% profit from reserves. In the past 24 months, Tether has accumulated profits of about 11.90 billion US dollars. In addition, Paolo Ardoino revealed that the company is in discussions with some of the Big Four accounting firms to promote related audits.
Tether CEO: Currently earning 5.5% profit from reserves, the company will enter the AI market
2024-08-13 03:14:38
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