Tether is in talks to lead a €1bn funding round in German start-up Neura Robotics, as the crypto group seeks to expand its sprawling investment portfolio with a bet on artificial intelligence-powered humanoid robots. The company, issuer of the world’s most traded cryptocurrency, was in discussions with Neura over a deal that was expected to value the start-up at between €8bn-€10bn, according to people with direct knowledge of the matter. Tether’s move comes as tech giants including Nvidia, Tesla and SoftBank are all betting on robotics as a driver of growth, with generative AI models that help machines adapt to physical surroundings and learn new skills faster. The crypto group has become profitable investing customer funds while issuing non-interest-bearing tokens in return.
Full report : Cryptocurrency giant seeks to build on sprawling investment portfolio with bet on German humanoid robotics group.
