OpenAI, an American artificial intelligence company, recently announced that CEO Sam Altman has secured $100 million in funding for the firm’s iris-scanning technology. This technology is developed to facilitate the launch of a global cryptocurrency called Worldcoin. The potential investors include Sam Bankman-Fried, internet entrepreneur Reid Hoffman, Andreessen Horowitz’s crypto fund, and Khosla Ventures.
OpenAI wants to use the technology for creating a global digital identification system connected to Worldcoin. As per Altman, the iris recognition technology will distinguish individuals on a billion-person scale. In addition, the OpenAI’s Worldcoin tokens can be used to ensure privacy and reward users for agreeing to the terms.
However, a TechCrunch investigation reportedly highlighted the susceptibility of the OpenAI’s Worldcoin operators’ electronic devices to password-stealing malware. The malware was allegedly used to extract saved passwords from victims’ browsers.
OpenAI, founded in 2015, is a for-profit corporation that works in the field of artificial intelligence. The main goal of the company is to promote human advancement through developing AI technologies. Its co-founder and CEO, Sam Altman, has been working on AI since 2003. Altman has degrees in computer science and cognitive science from Stanford and Harvard, and his experience in the AI development field is unquestionable.
Sam Altman is the head of OpenAI and he has been involved in a wide range of projects. He is a firm believer in the potential of artificial intelligence to enable humans to achieve more and to create more efficient systems for living. Altman’s goal with OpenAI is to bring the benefits of AI to all people. He has actively spoken about the importance of ethical AI development and has made investments in research and development. He has also proposed the use of a global cryptocurrency, Worldcoin, to serve as an ethical, efficient, and transparent payment system.
