Tether is entering the digital media sector with a $775 million investment in Rumble, while aiming to launch its artificial intelligence platform in the first quarter of 2025. The company stands out with its solid financial performance and continues to grow by diversifying its technology investments. Rumble also announced that it plans to invest $20 million of its reserves in Bitcoin, demonstrating its interest in blockchain technology.
Tether’s plans don’t stop there. The company aims to launch its AI platform in the first quarter of 2025. This initiative is based on a strong infrastructure thanks to the strategic partnership it struck with Northern Data last year.
Tether, which has also shown a strong performance financially, made a net profit of $2.5 billion in the third quarter of 2024. Its total earnings since the beginning of the year have reached $7.7 billion. The company's total assets increased to $139.4 billion with strategic investments such as renewable energy, Bitcoin mining, telecommunications, education and artificial intelligence.
These moves by Tether take the company beyond just the stablecoin sector and make it a multi-faceted powerhouse in finance and technology.