🗞️NEWS🗞️
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🏢The Tether company has invested an unspecified amount in Northern Data Group, marking a strategic shift towards artificial intelligence (AI), after previously investing in FinTech and other sectors. This investment is channeled through Damoon, a subsidiary of Tether, and goes to one of the leading data centers in Germany, Northern Data, which offers a variety of services, including blockchain, cryptocurrency mining, cloud data and artificial intelligence. Tether plans to collaborate with Northern Data on projects that leverage AI, peer-to-peer communications and robust data storage solutions, with the goal of providing services globally and locally for diverse communities.
🤖AI is expected to reach a market value of more than $300 billion by 2025 according to statista.
