[Crypto World] Tether is making new moves again. The stablecoin giant recently participated in a €70 million (about $81.6 million) funding round for the Italian robotics company Generative Bionics. The lead investor was the AI fund under Italy’s state-owned CDP Venture Capital, and AMD Ventures also joined the round.
Generative Bionics isn’t just any robotics company—they leverage the technical expertise of the Italian Institute of Technology and focus on developing industrial-grade humanoid robots. Honestly, Tether making a leap from payment settlements into the AI hardware sector is a big step. But it makes sense when you think about it; with strong cash flow, diversifying into several tracks is a reasonable move.
Humanoid robots have been hot over the past couple of years, with all kinds of capital rushing in. It remains to be seen whether Tether’s investment is about technological synergy or simply trying to get a piece of the AI boom.
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Tether bets on humanoid robots: Invests $80 million in an Italian AI hardware company
[Crypto World] Tether is making new moves again. The stablecoin giant recently participated in a €70 million (about $81.6 million) funding round for the Italian robotics company Generative Bionics. The lead investor was the AI fund under Italy’s state-owned CDP Venture Capital, and AMD Ventures also joined the round.
Generative Bionics isn’t just any robotics company—they leverage the technical expertise of the Italian Institute of Technology and focus on developing industrial-grade humanoid robots. Honestly, Tether making a leap from payment settlements into the AI hardware sector is a big step. But it makes sense when you think about it; with strong cash flow, diversifying into several tracks is a reasonable move.
Humanoid robots have been hot over the past couple of years, with all kinds of capital rushing in. It remains to be seen whether Tether’s investment is about technological synergy or simply trying to get a piece of the AI boom.