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Tether Eyes €1B Partnership with AI Robotics Firm Neura

Highlights:

  • Tether has opened discussions with Neura Robotics to lead a new fundraising round worth approximately €1 billion.
  • The deal could spike Neura’s valuation between €8 billion and €10 billion.
  • Tether’s CEO said the company plans to continue investing in tech companies like finance, communication, and energy. 

According to the Financial Times, Tether, the company behind USDT, has opened discussions with Neura Robotics to lead a €1 billion funding round. If the deal goes through, Neura’s value could rise between €8 billion and €10 billion. Neura Robotics is an Artificial Intelligence (AI) powered company that specializes in building humanoid robots.

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Tether’s move highlights growing interest in AI-based technologies among crypto platforms. Aside from crypto firms, big tech companies, including Nvidia, Tesla, and SoftBank, have allocated more funds to robotic investments. These firms believe that AI will help machines learn skills faster and operate efficiently in real-world settings. 

Tether Shows Strong Interest in Tech Firms

Tether has generated massive funds from interest earned on the assets backing USDT. It earned $13.4 billion in interest alone last year. So far, the company has used proceeds from this interest to invest in approximately 140 companies, including a US brain-implant firm, an agriculture group in Argentina, and even the Juventus football club.

Reacting to the new development, a spokesperson from Tether said the company is still considering many tech areas for future investments. However, details of such investments will come only after deals have closed. Tether’s Chief Executive Officer (CEO), Paolo Ardoino, recently stated that the company wants to continue investing in areas like finance, communication, and energy. “The future will be holding trillions of AI agents and billions of robots and billions of humans,” the CEO noted

Neura Plans to Manufacture More Robotic Devices

Neura is also raising funds to expand the sales of its humanoid robot. While its initial customers were mainly factories, the AI company plans to enter the human-robot market. To make its products available to a wider audience, Neura said it will manufacture 5 million robot devices by 2030. The company aims to create an atmosphere similar to that of the iPhone in the mobile gadgets market.

In January, Neura raised €120 million in a round led by Lingotto, BlueCrest, C4 Ventures, and Volvo Cars Tech Fund. At that time, Neura’s order book had already reached € 1 billion. The AI company will be working with Morgan Stanley for its latest funding round. 

While Neural continues to cement its presence in the AI space, the company will face stiff competition from upcoming promising AI projects. For example, Tesla is building its “Optimus” robot using AI models from Elon Musk’s AI company, xAI. Musk says the company will start manufacturing 1 million Optimus robots every year by 2030. Chinese companies, including Unitree Robotics, have also shown good prospects in the AI industry. Others include a group called the Bot Company and Fugure AI. 

Crypto Firms’ Interest in AI Continues to Rise as Tether Eyes €1B Partnership Deal

On November 14, Crypto2Community reported that Bitfarms, a global Bitcoin (BTC) mining company, is planning to convert its mining site in Washington State into a centre for Artificial Intelligence (AI) and high-performance computing. According to the publication, the company plans to complete the modification by December 2026. The upgraded platform will incorporate 190 kW liquid-cooled racks suitable for powerful chips like GB300 GPUs. 

On November 11, CleanSpark, another Bitcoin mining company, announced plans for a $1.15 billion fundraise via convertible notes. The firm intends to use the capital to fund its expansion into mining and data centre infrastructure. CleanSpark targets $1.13 billion net proceeds, which could rise to $1.28 billion if investors exercise their options to buy additional notes.

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