Odaily Planet Daily News: Paolo Ardoino, CEO of Tether Holdings Ltd., revealed that its investment department expects to invest more than $1 billion in the next year. The company focuses on alternative financial infrastructure, artificial intelligence and biotechnology in emerging markets. In the past two years, the company has invested about $2 billion in these areas. Ardoino said that although Tether plans to continue to retain 100% of its reserves and extract an additional 6% buffer from profits to ensure smooth redemption of USDT, Tether expects to invest part of the remaining profits in transactions. The company has also invested more than $1 billion in the field of artificial intelligence, such as supporting data center operator Northern Data Group. (Bloomberg)
