Sam Altman, the former CEO of OpenAI, has expressed his support for the Worldcoin crypto project during a recent virtual Q&A session conducted by FT Partners. Worldcoin aims to create a universal identity and financial network and has already seen over 2.6 million people register their irises for scanning by the project’s orb devices.
Altman highlighted the importance of identifying unique humans in a world increasingly reliant on AI. He stated, In a world with a lot of AI, knowing who is human matters more and more.
Altman’s endorsement comes amidst reports that Tools For Humanity, the organization behind Worldcoin, is seeking $50 million in funding by selling the project’s crypto tokens at a reduced rate. The initiative has attracted attention from regulators in the U.K. and Germany, who plan to investigate the firm.
Worldcoin, which Altman launched in July, represents a bold experiment at the intersection of AI, identity, and finance. In a previous interview, Altman acknowledged the challenges faced by Worldcoin, including the resources required to manufacture the orb and people’s biometric resistance.
Worldcoin had already raised $115 million in a Series C funding round from investors like Blockchain Capital, a16z crypto, and Bain Capital Crypto.
The project’s ambition to create a global identity and financial network has sparked interest and regulatory scrutiny. Altman’s support for Worldcoin further elevates its profile, potentially attracting more attention from investors and regulators alike.
For more information on consumer technology, visit Benzinga’s coverage on the subject.
Note: This article was produced in part with the assistance of Benzinga Neuro and was reviewed and published by Benzinga editors.
Frequently Asked Questions (FAQs) Related to the Above News
What is Worldcoin?
Worldcoin is a crypto project that aims to create a universal identity and financial network.
What is Sam Altman's involvement with Worldcoin?
Sam Altman, the former CEO of OpenAI, has expressed his support for the Worldcoin project.
Why is Sam Altman supporting Worldcoin?
Altman highlighted the importance of identifying unique humans in a world increasingly reliant on AI, stating that in a world with a lot of AI, knowing who is human matters more and more.
How many people have registered their irises for scanning by Worldcoin's orb devices?
Over 2.6 million people have registered their irises for scanning by Worldcoin's orb devices.
How is Worldcoin seeking funding for its project?
Worldcoin's organization, Tools For Humanity, is seeking $50 million in funding by selling the project's crypto tokens at a reduced rate.
What challenges does Worldcoin face?
Worldcoin faces challenges such as the resources required to manufacture the orb devices and people's resistance to providing their biometric data.
How much funding has Worldcoin raised so far?
Worldcoin has raised $115 million in a Series C funding round from investors like Blockchain Capital, a16z crypto, and Bain Capital Crypto.
What regulatory scrutiny has Worldcoin attracted?
The project's ambition to create a global identity and financial network has attracted attention from regulators in the U.K. and Germany, who plan to investigate the firm.
How might Sam Altman's support impact Worldcoin?
Sam Altman's support for Worldcoin elevates its profile and could attract more attention from investors and regulators.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
