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Tether Invests $200 Million in Blackrock Neurotech
Tether, a prominent figure in the digital asset industry, has recently made a strategic investment of $200 million in Blackrock Neurotech, a leading innovator in Brain-Computer Interface (BCI) technology. This investment was facilitated through Tether Evo, the newly established venture subsidiary of Tether, which has now acquired a controlling stake in Blackrock Neurotech.
Background of Blackrock Neurotech
Blackrock Neurotech was founded in 2008 by Marcus Gerhardt and Dr. Florian Solzbacher, renowned scientists and pioneers in the field of BCI from the University of Utah. Over the years, Blackrock Neurotech has emerged as a global leader in neural engineering, neuroscience, and neural prosthetics technology.
The innovative brain interface technology developed by Blackrock Neurotech has enabled patients to control robotic arms, steer wheelchairs, send messages, browse the internet, and even drive cars using only their thoughts. The thought-to-text transmission rates achieved by Blackrock Neurotech devices are remarkable, reaching up to 62 words per minute in direct speed encoding and 90 characters per minute in typing.
Future Collaborations and Innovations
Tether’s substantial investment in Blackrock Neurotech will be primarily directed towards commercializing and implementing the company’s cutting-edge medical solutions, which have demonstrated efficacy in over 40 patients. The infusion of funds will also support Blackrock Neurotech’s research and development efforts, solidifying its position as the frontrunner in the BCI industry.
Blackrock Neurotech is actively working towards establishing a secure connection between computers and artificial intelligence to unlock human potential and propel human progress. Collaborative projects with Tether Evo aim to push the boundaries of technological innovation and human capabilities. The Brain-Computer Interfaces devised by Blackrock Neurotech offer promising prospects for cognitive enhancement, rehabilitation, and communication.
Tether’s Vision and Expansion
Tether’s foray into the realm of BCI technology with its investment in Blackrock Neurotech signifies a pivotal moment in the convergence of technology and human experience. By venturing beyond its stablecoin products, Tether is diversifying its portfolio with the introduction of Tether Evo, alongside other recent divisions such as Tether Edu, Tether Power, and Tether Data.
While Tether Data focuses on enhancing P2P and AI technologies, Tether Power is dedicated to promoting renewable energy sources, and Tether Edu aims to enhance student access to educational resources. Tether Evo, in particular, exemplifies the fusion of innovation and human potential, envisioning a future where technological advancements harmonize with human capabilities in unprecedented ways.
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