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Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022
Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Bitfinex)