OpenAI CEO Sam Altman Remains Committed to Worldcoin Crypto Project Amid Fundraising Concerns

Highlights

• Altman reaffirms commitment to Worldcoin amid reports of a $50 million fundraising effort.
• Worldcoin’s ambitious goal: creating a global identity and financial network.
• Over 2.6 million individuals show interest by signing up for iris scans via “orb” devices.
• Altman highlights the increasing importance of identifying individuals in an AI-driven world.
• The fundraising strategy involves discounted sales of Worldcoin’s crypto tokens.
• Worldcoin spokesperson yet to comment on reported fundraising activities.
• Worldcoin previously raised $115 million in a Series C funding round.
• Regulators in the UK and Germany are reportedly investigating Worldcoin.
• Altman’s support reflects dedication to redefining global identity and financial networks in the era of advancing AI.

Sam Altman of OpenAI reiterated his dedication to Worldcoin cryptocurrency project after reports indicated it is actively seeking $50 million funding. Worldcoin seeks to establish an identity and financial network, with over 2.6 million individuals already showing an interest by signing up for Worldcoin “orb” devices that use iris scans as ID and provide digital IDs along with cryptocurrency as reward.

Altman reaffirmed his endorsement of Worldcoin during a virtual Q&A session hosted by fintech-focused investment bank FT Partners one week after crypto news outlet The Block reported that Tools For Humanity, the entity behind Worldcoin, had started raising $50 million from potential investors.

According to The Block, Altman highlighted the growing significance of knowing individual identities in an AI world where new advances emerge every day.

Altman stated during the Q&A that in an increasingly technological world, knowing who is human becomes increasingly significant. With AI becoming an ever more significant aspect of life… the ability to distinguish unique humans was expected to become ever more crucial.

Even with their reported fundraising efforts, Worldcoin has not responded to requests for comment regarding The Block’s coverage.

Worldcoin has previously raised substantial funding, amassing an impressive total of $115 million through a Series C round led by Blockchain Capital and featuring other contributors such as A16Z Crypto and Bain Capital Crypto.

Worldcoin’s activities have not gone unnoticed by regulators, with authorities in both Germany and Britain showing an interest in it and declaring they will investigate further. Since launching in July, its unique approach has garnered recognition both within the crypto community and from regulatory bodies.

Altman has shown his continued dedication to Worldcoin by lending their support. Their mission aims to redefine global identity and financial networks in this new era of advanced artificial intelligence.