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Tether CEO: 5.5% profit can be earned from reserves, and will enter the AI market

Tether CEO: 5.5% profit can be earned from reserves, and will enter the AI market

CointimeCointime2024/08/12 13:55
By:Cointime

Tether CEO Paolo Ardoino stated in an interview with Wired that Tether has sufficient funds and is currently expanding into new areas such as artificial intelligence that they are unfamiliar with. They plan to challenge Microsoft, Google, and Amazon and have already acquired a majority stake in the 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 earned extremely high profits in the past two years and can currently earn a 5.5% profit from its reserve. In the past 24 months, Tether has accumulated profits of approximately $11.9 billion. In addition, Paolo Ardoino revealed that they are in discussions with some of the companies from the Big Four accounting firms to promote relevant audits.

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