Tether CEO Reveals Company Strategies and Plans for Expansion into New Domains
Publication Time:2024-08-12 20:31:06
Paolo Ardoino, the CEO of Tether, disclosed that the company is equipped with sufficient resources and is actively exploring unknown territories including Artificial Intelligence, aiming to challenge the likes of Microsoft, Google, and Amazon. In pursuit of this goal, Tether has acquired a significant majority stake in Blackrock Neurotechnology, a startup specializing in neural implant technology, and invested in Northern Data Group, a data center operator, as part of its infrastructure for training AI models. Benefiting from high returns on its reserves due to rising interest rates over the past two years, Tether is currently able to earn approximately 5.5% profit from its reserves, estimated to amount to around $11.9 billion in the last 24 months. Additionally, Paolo Ardoino mentioned engaging with some of the Big Four accounting firms for discussions on the possibility of advancing auditing processes.
Microsoft
Tether
Amazon
Google
Artificial Intelligence
data center
Blackrock Neurotechnology