Tether invested $81.6 million in Italian humanoid robotics firm Generative Bionics

Tether, known as the issuer of the stablecoin USDT, has made a major foray into robotics and physical AI by backing Europe’s up‑and‑coming humanoid robotics firm Generative Bionics with a contribution to a €70 million (approx. $81.6 million) funding round. Notably, this startup develops industrial robots utilizing research from the Italian Institute of Technology. This funding round was led by CDP Venture Capital, a company supported by the Italian government and operating through its Artificial Intelligence Fund. This information was made public following the release of Generative Bionics’s statement, shared by a reliable source. Some of the firms that participated in this round, apart from Tether, included AMD Ventures , the investment arm of the American chipmaker Advanced Micro Devices, and other industry investors. Tether aims to solidify its position as a leader with major investments in AI Tether’s investment marks another significant milestone in the company’s ongoing series of...

https://www.cryptopolitan.com/tether-invests-in-humanoid-robotics-firm/