interviews

12 Aug

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

stp2y0 CommentsRAG modelsartificial intelligence, brain-computer interfaces, cryptocurrency, finance, interviews

WIRED: This year, Tether has moved to diversify its business model with a push into venture capital. Tell me about the rationale.Ardoino: Tether has become extremely profitable in the last two years thanks to the increase in interest rates. When Tether started, you could make 0.2 percent on the reserve, but today you can make 5.5 percent. Of course, that might be time-limited—we are hearing about potential rate cuts—but it’s very hard even with inflation at 3 or 4 percent to go back to the 0.2 percent scenario.In the last 24 months, Tether has accrued around $11.9 billion profit. With…

01 Aug

To Lead in AI, the US Needs a Silicon Revolution

stp2y0 CommentsGenAIartificial intelligence, chips, fast forward, Government, interviews

One thing that US politicians seem to agree on, despite a great many other differences, is that the country needs to lead technologically to maintain a position of economic and geopolitical preeminence. How to ensure such leadership will be a critical question for the next US president and his or her staff.The past two administrations have taken some extraordinary steps to maintain an edge in both chipmaking and AI, two fields that are inextricably and intricately entwined. The US and its allies have restricted exports of cutting-edge chips and silicon-manufacturing equipment to key geopolitical rivals (aka China). In 2022, the…