Cryptocurrency Tether Launches Its AI, Challenges Big Tech

Tether launches Qvac, its 'decentralized' AI development platform, modular and adaptable to any hardware "that promises to revolutionize the AI ​​landscape on a global scale". This is how the CEO of the dollar-linked stablecoin, Paolo Ardoino, defines it during AI Week in Milan.

QuantumVerse Automatic Computer, or Qvac, the developer of the cryptocurrency that reached a market capitalization of $150 billion with $13 billion in profits last year, is pitted against traditional finance and Big Tech, with Tether wanting to promote "freedom, open markets and individual sovereignty" for AI, says Ardoino.

"The approach is completely new and the platform - explains the CEO of Tether - is based on three fundamental principles. The AI ​​must be local: inference and learning occur directly on the device, guaranteeing privacy, speed and resilience of the systems. The data must belong to the users: communications, documents, sensitive data and thoughts never leave the device without the explicit consent of the owners. And the AI ​​must be permissionless and programmable", concludes Ardoino, who was 'born' as a programmer.

In detail, the Artificial Intelligence platform of the third cryptocurrency by market capitalization in the world will offer a software development kit for person-to-person AI that will allow developers to create new applications and autonomous agents without API keys, supplier constraints, central points of failure or limits on the devices that can be used by end users.