Sam Altman’s OpenAI reportedly in partnership talks with his other firm, Worldcoin
OpenAI, an artificial intelligence company co-founded and helmed by Sam Altman, is reportedly in partnership talks with Tools For Humanity’s Worldcoin, a cryptocurrency-based universal basic income and identity verification firm also co-founded by Sam Altman.
Bloomberg recently reported that the two firms are in negotiations for a partnership that would see OpenAI providing AI solutions and services to Worldcoin with the possibility for further synergy down the road.
Any partnership between OpenAI and Worldcoin would almost certainly draw additional regulatory scrutiny given Altman’s status within both firms.
Per Tools for Humanity CEO Alex Blania, speaking to Bloomberg:
“I think it’s just because of Sam. Just, like, much more attention than you would usually face as a company of that size or a project of that size.”
It’s unclear exactly what Blania might have meant by their comments, as Worldcoin is currently among the world’s most active universal basic income and identity verification services with an average of two million users per day.
Related: Worldcoin reaches 10M users, 70M transactions and at least 13 goats bought
Controversy and regulatory scrutiny are nothing new for either company. OpenAI recently outlasted threats to investigate its partnership with Microsoft as a merger by European Union authorities, ultimately dodging the allegations entirely.
And Worldcoin has faced bans in Portugal , Kenya , and Spain in the first three months of 2024 alone.
Worldcoin has so far spent the better part of 2024 looking to expand its operations. As Cointelegraph recently reported, the firm launched its own blockchain , a layer-2 solution that prioritizes verified Worldcoin users — humans — over bots.
On the cryptocurrency side of things, Worldcoin recently announced it would increase its WLD token supply by 36 million — currently worth around $196 million — over the next six months as part of a sell-off to select institutions.
This comes as the token’s popularity — at least as far as distribution is concerned — continues to rise. Semafor reports that despite having somewhere between 300 and 500 of the company’s “orbs” in the field, they’re currently facing a shortage.
Orbs are hardware that Worldcoin uses to scan user’s irises — a part of the human eye considered unique, like our fingerprints — to register and confirm their digital identity. Those who sign up for the service in areas where it’s available, can have their eyes scanned to receive 10 WLD tokens — currently trading at $4.81 as of the time of this article’s publication — plus an additional two every month after.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin