#TetherUpdate According to Paolo Ardoino, the brain-computer interface of Blackrock Neurotech, a company backed by Tether, is much more advanced than Elon Musk's Neuralink.
Of all the projects Tether has invested in in recent years, one of CEO Paolo Ardoino's favorites is the company Blackrock Neurotech .
In a recent video interview, Paolo Ardoino said that the brain-computer interface company would soon have to change its name to avoid confusion with the famous asset management firm and Bitcoin ETF issuer, BlackRock.
Blackrock Neurotech technology is more advanced than Neuralink
Tether's CEO said the company is already ahead of Neuralink , the neurotechnology company founded by Elon Musk, which develops brain-computer interfaces designed to directly connect human brains to computers.
One of the initial goals of such companies is to help treat neurological disorders , such as paralysis or blindness, by implanting a small device that can record and stimulate brain activity.
In the long term, Musk envisions Neuralink enabling high-bandwidth communication between humans and machines, potentially merging human cognition with artificial intelligence.
In April 2024, Tether made a strategic investment of $200 million in Blackrock Neurotech, effectively becoming the majority shareholder of the company founded in 2008 at the University of Utah by two scientists and BCI pioneers, Dr. Florian Solzbacher and Marcus Gerhardt.
Using Blackrock Neurotech's technology, patients have operated robotic arms, maneuvered wheelchairs, sent text messages, surfed the Internet and even driven a car, all using only their thoughts, Tether said at the time. In his interview, Ardoino said:
“I think they are much more advanced than Neuralink at the moment. They have over 40 patients already. The next version of the brain chip is just crazy.”
Building a “Brain Operating System”
Like Musk, Ardoino also plans to develop a sort of “brain operating system” in the long term . The CEO of Tether said:
“What I want to do to compete differently than anyone else is to build an open source brain operating system, because I believe that in the future, in the next 15 to 30 years, this will become the next smartphone.”
Then he added:
“Maybe we’re in time to build that open source technology, so that if I were to put it into myself, I wouldn’t be controlled by [a tech giant]. I’m a paranoid guy, so I just want to make sure that everyone is playing on a level playing field.”
Tether, whose team of fewer than 200 people generated about $13 billion in revenue in 2024 and currently holds more than 100,000 BTC ($10 billion), has in recent years aggressively invested in a variety of projects beyond stablecoins across a variety of sectors, including artificial intelligence, telecommunications, data centers, energy infrastructure, and bitcoin mining.
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