PANews reported on August 13 that Tether CEO Paolo Ardoino said in an interview with Wired that Tether is well-funded and is currently entering unfamiliar new fields such as artificial intelligence. The plan is to challenge Microsoft, Google and Amazon. The company has acquired a majority stake in 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 made extremely high profits in the past two years and currently earns 5.5% profit from reserves. In the past 24 months, Tether has accumulated profits of approximately US$11.9 billion. In addition, Paolo Ardoino revealed that the company is in discussion with some of the Big Four accounting firms and intends to promote relevant audits.