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.
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