Tether CEO unveils privacy-focused P2P AI kit for all devices

At the recent Lugano Plan B conference, Tether’s CEO Paolo Ardoino offered a first look at the company’s new, privacy-centered AI development kit.

This advanced toolkit, known as the Tether Local AI Kit, is built on peer-to-peer technology to ensure maximum adaptability and privacy across a variety of devices.

It aims to make AI development widely accessible, enabling smooth functionality from a budget-friendly $40 phone to high-end devices like flagship smartphones, laptops, and even powerful mainframes.

Designed with a modular approach, Tether’s AI Kit is flexible enough to support various machine learning models, including options like Marian and Llama.

It can load and save model weights and tuning data using peer-to-peer (P2P) storage, reducing reliance on centralized systems and enhancing data privacy. Users will be able to write code once and run it seamlessly across diverse devices, from smart refrigerators to automotive entertainment systems.

Ardoino noted that this AI SDK will eventually be open-sourced, once its performance is thoroughly tested, allowing developers to contribute to and benefit from its wide-ranging capabilities.

The introduction of this AI toolkit highlights Tether’s dedication to promoting technology that respects privacy while promoting wide-reaching usability in AI applications.

Tether’s plan into the AI market

Towards the end of March, Tether unveiled its plans to branch out beyond just the stablecoin sector, setting its sights on the Artificial Intelligence (AI) arena. This bold move is part of a strategy to diversify its business and capitalize on the booming AI industry by utilizing its expertise and resources.

Tether’s objective is to create state-of-the-art AI models by forging partnerships for seamless product integration and fostering community interaction. They are also on a mission to assemble a top-tier global team to spearhead their AI ventures, marking a pivotal growth phase for the company.

While Tether has often been in the crosshairs of critics due to concerns over the transparency of its fiat reserves, its growth has been impressive, establishing it as the predominant stablecoin.

AI has increasingly become a cornerstone in many sectors, offering profound benefits in terms of data analysis, automation, predictive modeling, and enhanced decision-making.

Over the past year, the intersection of AI and blockchain has progressed significantly, as numerous companies have embarked on projects that deliver innovative applications.

Just under two days ago, Meta partnered with Reuters to incorporate the news agency’s content into its AI-powered chatbot. This enables users to access the latest news via links on Meta’s platforms, including Facebook, Instagram, and WhatsApp.