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2 Comments
tldr; Tether, the issuer of the USDT stablecoin, announced its intention to disrupt the AI industry’s power dynamics by launching a new division focused on developing open-sourced AI. Despite not disclosing investment details or specific plans, Tether aims to develop open-source multimodal AI models to address real-world challenges. This move follows Tether’s acquisition of a stake in Northern Data Group in September 2023. However, experts question Tether’s ability to redefine the AI industry, dominated by tech giants with significant control over essential resources like AI chips and cloud services. Tether’s focus on open-source and democratizing AI faces challenges due to the concentration of technology and resources in the hands of a few major corporations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I mean it can literally print the resources. So yes.