The agency behind stablecoin (USDT) has invested an undisclosed quantity into German-based crypto miner Northern Information Group in a transfer backing synthetic intelligence (AI) initiatives.
In a Sept. 21 weblog submit, Tether stated the strategic funding into Northern Information by way of Tether group firm Damoon was supposed to exhibit “its willpower to assist rising know-how”, hinting at collaborations involving AI, peer-to-peer communications, and knowledge storage options. The corporate denied a report from Forbes relating to a $420-million funding, however didn’t specify the precise quantity when reached for remark. Cointelegraph additionally reached out to Northern Information, however didn’t obtain a response on the time of publication.
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