Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: NikeFit_7777 on July 24, 2024, 11:41:04 AM

Title: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: NikeFit_7777 on July 24, 2024, 11:41:04 AM
Tether is Working on Decentralized AI Models. Reports indicate that a hacker infiltrated OpenAI’s internal messaging systems to steal information about the company’s AI product designs. However, the attackers couldn’t access the system that was housing the AI development.

While this incident was disclosed to employees and the board of directors in an April 2023 meeting, the company failed to publicize the news and did not report the hack to law enforcement agencies. The firm’s silence has drawn severe scrutiny, and some have criticized its handling of the situation. However, Ardoino believes the situation would have been prevented if the firm ran a locally executable AI model.

Ardoino explained that these models better protect users’ privacy and ensure system resilience and independence. He noted that new-generation smartphones and laptops are powerful enough to fine-tune general large language models (LLMs) with users’ data, allowing enhancements to be preserved locally on the device.
Ardoino further hinted that the company was working on these solutions by ending his comment with a “WIP [Work in progress]” conclusion.

This revelation aligns with Tether’s new AI division, which aims to capitalize on the AI trend. The firm seeks to pioneer the development of open-source, multimodal AI models that would set new industry standards. Already, the firm has made substantial investments in AI companies like the Northern Data Group.

(https://i.ibb.co/LYJRs0N/Tether-USDT-1-850x478.png)
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: MrSpasybo on July 24, 2024, 08:23:27 PM
Quote from: NikeFit_7777 on July 24, 2024, 11:41:04 AM
This revelation aligns with Tether’s new AI division, which aims to capitalize on the AI trend. The firm seeks to pioneer the development of open-source, multimodal AI models that would set new industry standards. Already, the firm has made substantial investments in AI companies like the Northern Data Group.
  • “Tether data plans to pioneer the development of open-source, multimodal AI models to set new industry standards, driving innovation and accessibility within AI technology,” Tether stated.
This news seems not directly related to USDT in the crypto market, it only shows us the development and power of Tether in many fields such as stablecoin, accumulation and BTC mining, now is AI. This can indirectly strengthen investor confidence in USDT because the stronger Tether is, the more likely it is to support the value of USDT in the market.

I myself am still holding a portion of my assets in USDT and continue to believe in the stability and future of Tether. At least, I haven't thought about the possibility that Tether could collapse soon and become a black swan event for the entire crypto market.
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: dkbit98 on July 26, 2024, 04:37:03 PM
Is Tether also going to start selling bananas and used stuff soon?
I don't see why they are trying to solve problem that has nothing to do with crypto or usdt, except if they only want to make more profit from another stupid AI project.
They can't prevent hacks by making something look decentralized, we saw that already with many fake dex exchanges.
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: Yamane_Keto on July 26, 2024, 05:06:47 PM
I thought Tether was a company specialized in cryptocurrency products or at least USDT and I did not know that they have other technical departments. Running a locally executable AI model may enhance privacy but the training and learning need an active internet connection otherwise you will need to update the database periodically, I thought they would enhance encryption  or the ability to exchange data without sharing personal data.
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: MrSpasybo on July 28, 2024, 01:19:34 PM
Quote from: dkbit98 on July 26, 2024, 04:37:03 PM
Is Tether also going to start selling bananas and used stuff soon?
I don't see why they are trying to solve problem that has nothing to do with crypto or usdt, except if they only want to make more profit from another stupid AI project.
They can't prevent hacks by making something look decentralized, we saw that already with many fake dex exchanges.
I won't be surprised if Tether becomes a conglomerate and stablecoins become just one of their business lines. In any case, this won't hinder USDT's growth in the crypto market. In fact, Tether's increasing reputation can make USDT safer in the eyes of crypto investors, similar to how Circle's IPO can strengthen USDC's position in the market.

I would support any profitable investment decision by Tether. We've seen many traditional companies enter the crypto market, and now we have a crypto company delving deeper into various sectors of the economy and technology. I see this as a positive sign, a good marketing strategy for USDT and the entire crypto market.
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: Manna on August 17, 2024, 07:01:42 AM
Quote from: MrSpasybo on July 28, 2024, 01:19:34 PM
Quote from: dkbit98 on July 26, 2024, 04:37:03 PM
Is Tether also going to start selling bananas and used stuff soon?
I don't see why they are trying to solve problem that has nothing to do with crypto or usdt, except if they only want to make more profit from another stupid AI project.
They can't prevent hacks by making something look decentralized, we saw that already with many fake dex exchanges.
I won't be surprised if Tether becomes a conglomerate and stablecoins become just one of their business lines. In any case, this won't hinder USDT's growth in the crypto market. In fact, Tether's increasing reputation can make USDT safer in the eyes of crypto investors, similar to how Circle's IPO can strengthen USDC's position in the market.

I would support any profitable investment decision by Tether. We've seen many traditional companies enter the crypto market, and now we have a crypto company delving deeper into various sectors of the economy and technology. I see this as a positive sign, a good marketing strategy for USDT and the entire crypto market.
Your assessment is quite relevant.  If Tether expands its business scope and penetrates into different sectors, it can further strengthen the stability of USDT and present it as a safe option for investors.  Just as Circle's IPO could strengthen USDC's position, Tether's new initiative could boost confidence in USDT.  As a result, USDT's impact on the crypto market can be wider and can also serve as a smart marketing strategy.  Tether's profitable investment potential could have positive implications for the entire crypto market.
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: NikeFit_7777 on August 25, 2024, 09:31:04 AM
Tether had plans to create its own blockchain, but the company has abandoned the idea, its CEO Paolo Ardoino said.

We are very good at technology, but I think blockchains will be a commodity in the future. For us, blockchains are just transportation hubs,” he said.
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: Yamane_Keto on August 26, 2024, 06:34:05 PM
Quote from: NikeFit_7777 on August 25, 2024, 09:31:04 AM
Tether had plans to create its own blockchain, but the company has abandoned the idea, its CEO Paolo Ardoino said.

We are very good at technology, but I think blockchains will be a commodity in the future. For us, blockchains are just transportation hubs,” he said.
I didn't think Tether had any product other than USDT so their creation of a blockchain might not be good.

If they create a blockchain, the fees was very low and the blockchain is secure then some cryptocurrencies like TRON will disappear and the value of the blockchain will be huge with easy control of all tokens.
The problem remains of linking it to a DEX which might mean we might see wUSDT
Title: Re: Tether CEO Paolo Ardoino Reveals How OpenAI Hack Could Have Been Prevented
Post by: NikeFit_7777 on August 27, 2024, 11:56:30 AM
Cantor Fitzgerald CEO Howard Lutnick (Tether custodian) said that in 2022, Sam Bankman-Fried and Circle tried to “destroy” USDT.

It was during this period that there was a sharp drawdown in USDT capitalization - from $83 billion to $66 billion. But this was not a problem for Tether.

P.S. Do you keep your savings in usdt? What is your opinion about this campaign? Do you trust them?  :o

(https://i.ibb.co/YDM2xRj/image.png)