According to TechFlow, Tether's profit in 2024 will reach $13 billion, far exceeding the combined losses of OpenAI and Anthropic. The stablecoin issuer is investing huge profits in the AI field, including providing more than $600 million in loans to European GPU cloud service provider Northern Data, releasing the open-source dataset QVAC Genesis, and spending $200 million to acquire brain-computer interface company Blackrock Neurotech, with a total investment of nearly $1 billion.
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According to TechFlow, Tether's profit in 2024 will reach $13 billion, far exceeding the combined losses of OpenAI and Anthropic. The stablecoin issuer is investing huge profits in the AI field, including providing more than $600 million in loans to European GPU cloud service provider Northern Data, releasing the open-source dataset QVAC Genesis, and spending $200 million to acquire brain-computer interface company Blackrock Neurotech, with a total investment of nearly $1 billion.