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Flush With Cash, Tether Has Got Microsoft, Google, and Amazon in Its Crosshairs

Under new CEO Paolo Ardoino, the crypto company is spending heavily in a bid to muscle into an AI market dominated by the world’s largest tech firms.

If ever a customer wants to exchange a USDT token for the dollar it represents, Tether draws from the pot, but in the meantime it generates income from the assets it holds. Building brain-computer interfaces that respect people’s privacy—that ensure data remains local and will not be harvested by the same companies running social media platforms—will be very important. [In March 2023, Senator Elizabeth Warren called for an accounting regulator to “rein in sham audits of crypto firms.”] FTX didn’t help at all; they were the heroes of mainstream media and fucked it up for everyone.

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