The largest stablecoin issuer, Tether, has announced a $200 million investment in Blackrock Neurotech, a leader in the field of brain-computer interface (BCI) technology.
Founded in 2008, Blackrock Neurotech has become a leader in the field of brain-computer interface (BCI), creating technology that can aid the lives of people with neurological illnesses, paralysis, and other conditions that affect their ability to move, communicate, and use their senses.
Patients with such illnesses can now maneuver wheelchairs, manipulate robotic limbs, and communicate through thought-to-text technology thanks to their cutting-edge brain interface devices.
With this investment, Tether hopes to improve the lives of millions of people by accelerating the commercialization and broader implementation of Blackrock Neurotech’s solutions.
Furthermore, according to Tether, the money will help with continuing research and development to maintain Blackrock Neurotech’s leadership in BCI innovation.
This emphasis on research and development points to a long-term goal for Tether, one that might include investigating secure bridges between AI systems and human brains as well as areas related to human augmentation.
“Blackrock Neurotech is just the beginning of our journey through Tether Evo to venture into projects that redefine the boundaries of what’s possible at the intersection of technological innovation and human potential,” said Paolo Ardoino, CEO of Tether.
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This statement emphasizes Tether’s dedication to developing transformational technologies since BCI has enormous potential to improve communication, aid in rehabilitation, and even potentially improve cognitive function.
Tether’s investment in Blackrock Neurotech shows how the field of artificial intelligence is beginning to recognize the revolutionary potential of BCI technology and its place in it. These two prominent figures in the business are at the forefront of an intriguing new frontier that might completely change the way people interact with machines in the future.
Earlier in April, Tether announced a new move beyond stablecoins with the introduction of a new framework that pertains to four new and distinct business divisions which are data, finance, power, and education. “Thriving together is in our DNA”, Paola Ardoino, CEO of Tether said. “We disrupted the traditional financial landscape with the world’s first and most trusted stablecoin. Now, we’re daring to kickstart inclusive infrastructure solutions, dismantling the traditional system of fairness. “With this evolution beyond our traditional stablecoin offerings, we are ready to build and support the invention and implementation of cutting-edge technology that removes the limitations of what’s possible in this world. We’re Tether. We use technology to empower individuals, communities, cities, and nations to become self-sustainable, independent, and free. Be unstoppable, together.”
