Tether CEO Paolo Ardoino has emphasized the importance of localizing artificial intelligence (AI) models to safeguard privacy and ensure resilience.
In a recent post on X, Ardoino argued that AI models that run locally on devices like smartphones and laptops could protect user data by preserving enhancements locally, thus maintaining independence and security.
OpenAI seems to have been hacked a while ago. Scary.
Locally executable AI models are the only way to protect people privacy and ensure resilience / independence.
New generation smartphones and laptops are more than powerful enough to fine tune general LLMs with user’s own…
— Paolo Ardoino ???????? (@paoloardoino) July 6, 2024
Ardoino highlighted the capability of modern devices to fine-tune large language models (LLMs) using personal data. He stressed that this approach would allow users to benefit from AI advancements while keeping their data private.
He concluded his post with “WIP,” indicating that Tether’s exploration of integrating locally executable AI models into their solutions is a work in progress.
These comments from Ardoino follow Tether’s recent efforts to incorporate localized AI into its offerings. In March 2024, the USDT stablecoin issuer announced a new AI initiative that will develop open-source, multimodal AI models and integrate AI solutions into practical products. The company claimed that the initiative would reinforce its role as a tech innovator and enhance AI accessibility and efficiency while promoting transparency and privacy in AI development.
“Artificial intelligence stands poised to revolutionize nearly every facet of our lives, both in the real and digital worlds,”
Ardoino stated at the time. He added that the initiative would bring about the establishment of a new division within Tether that would redefine and set “industry benchmarks for innovation, utility, and transparency.”
This move aligns with broader trends, such as the Nigerian government’s recent unveiling of plans to establish research centres dedicated to AI, the Internet of Things (IoT), and blockchain technologies. Announced by the National Information Technology Development Agency (NITDA) at the IoT West Africa Conference in Lagos, these centres will also focus on uncrewed aerial vehicles (UAVs), additive manufacturing, and robotics.
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