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What percentage of Tether's 2025 investment will be in AI development?
3
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Official financial reports from Tether
Story
Tether to Launch AI Platform in Q1 2025, Investing $3 Billion to Expand Beyond $140 Billion USDT Stablecoin
Dec 20, 2024, 06:26 PM
Tether, the issuer of the $140 billion USDT stablecoin, is set to launch an artificial intelligence (AI) platform in the first quarter of 2025, as announced by CEO Paolo Ardoino. The company, which reported $7.7 billion in annual profits, plans to invest up to $3 billion in 2025 across various sectors including AI, finance, biotech, education, and mining. Tether's move into AI follows its previous investment in an AI and cloud computing firm last year, indicating a strategic expansion beyond its stablecoin operations. The upcoming AI platform aims to enhance USDT's capabilities and solidify Tether's position in the digital currency space.
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