Tether CEO: Can earn 5.5% profit from reserves, will venture into AI market

In an interview with Wired, Tether CEO Paolo Ardoino stated that Tether is well-funded and currently venturing into unfamiliar new fields such as artificial intelligence. The plan is to challenge Microsoft, Google, and Amazon. The company has 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 for training AI models. Due to rising interest rates, Tether has made extremely high profits over the past two years and can currently earn 5.5% profit from its reserves. In the past 24 months, Tether has accumulated approximately $11.9 billion in profits. Additionally, Paolo Ardoino revealed that he is discussing with some companies among the Big Four accounting firms to promote related audits.