Tether plans to develop lightweight artificial-intelligence tools for smartphone users in emerging markets, Chief Executive Officer Paolo Ardoino told Fortune.
Rather than compete with companies building advanced AI models, the world’s largest stablecoin issuer will focus on simpler applications for everyday use.
Tether Targets Mobile AI Access
Ardoino said Tether is developing AI tools for health, finance and sports that could run directly on smartphones. The approach could give users access to basic AI services without requiring advanced hardware.
Tether says it has more than 650 million users worldwide, with a strong presence in emerging markets such as Africa and South America. The company has also invested in decentralized communications, agriculture and solar-powered infrastructure as it expands beyond stablecoins.
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“It’s been a while since we’ve considered ourselves crypto,” Ardoino told Fortune. “I think that we are both a digital dollar company and a digital gold company.”
Tether Broadens Its Focus
The AI push follows Tether’s first full financial audit by KPMG, which found that its reserves exceeded liabilities by $6.8 billion.
Tether has not said how users would pay for its AI services. Ardoino said digital payments could help provide access while warning that unequal access to AI could widen existing economic gaps.
“My fear is this, right? We have already a huge wage gap that is creating an instability in society,” he said.
Related: India Is Training 1 Crore Youth in AI: Could Web3 Get Left Behind?
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Source: https://coinedition.com/tether-bets-on-lightweight-ai-to-reach-millions-in-emerging/
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