OpenAI and Worldcoin Discuss Partnership: AI Solutions Meet Cryptocurrency
Summary:
OpenAI, co-founded by Sam Altman, is reportedly in talks with Worldcoin, an Altman’s co-founded cryptocurrency company under Tools For Humanity, for potential partnership. This partnership could lead to OpenAI offering AI solutions to Worldcoin. A collaboration between the two firms could invite additional regulatory scrutiny, particularly due to Altman’s role in both. Meanwhile, Worldcoin, despite facing bans in several countries, is focusing on expanding its operations, launching a blockchain technology prioritizing human users over bots, and increasing its token supply.
Co-founded by Sam Altman, OpenAI, an AI enterprise, is allegedly discussing potential collaborations with Worldcoin, a cryptocurrency-based company for universal basic income and identity authentication, also a brainchild of Altman at Tools For Humanity. Recent reports from Bloomberg suggest that these negotiations could result in OpenAI fuelling Worldcoin with its AI technology, with scope for expanded cooperation in the future. Given Altman's involvement in both companies, possible collaboration between OpenAI and Worldcoin will likely invite extra regulatory examination. Tools for Humanity's CEO, Alex Blania, mentioned to Bloomberg, attributing the attention to Altman said, "It solely is because of him. The limelight is much more than what a venture or a project of our scale usually gets."
The exact implication of Blania's statement remains ambiguous as Worldcoin is currently one of the top universal basic income and identity confirmation services, with an average of two million users daily. In related news, Worldcoin boasts 10M users, 70M transactions, and a record of at least 13 goats bought. Both the companies have witnessed controversy and regulatory investigations in the past. OpenAI recently survived the threats from EU authorities to scrutinize its alliance with Microsoft as a merger, successfully bypassing all accusations. Likewise, Worldcoin faced prohibitions in Spain, Kenya, and Portugal in the initial three months of 2024 alone. The year 2024, for Worldcoin, has primarily been about widening its operations. Cointelegraph lately published that the firm introduced its blockchain, a layer-2 solution giving priority to confirmed Worldcoin users — real people — over bots.
On the cryptocurrency front, Worldcoin recently declared the enhancement of its WLD token supply by 36 million — adding up to approximately $196 million — over the upcoming six months as part of a planned sell-off to chosen institutions. This comes amid the increasing distribution popularity of the token. Despite having between 300 and 500 of their "orbs" in the field, Semafor reports a shortage. These orbs are sophisticated devices used by Worldcoin to scan irises — a unique part of the human eye, like fingerprints — to validate digital identities. Users in regions where service is provided can get their eyes scanned to procure 10 WLD tokens — currently valued at $4.81 at the time of writing this piece — plus two more each succeeding month.
Published At
4/28/2024 10:57:55 PM
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