OpenAI CEO Sam Altman Stands Firm on Worldcoin Vision Amid Fundraising Reports

OpenAI CEO Sam Altman has reaffirmed his commitment to the cryptocurrency project Worldcoin, countering recent reports that the company, Tools For Humanity, is actively seeking $50 million in funding. Worldcoin's ambitious goal is to establish a global identity and financial network, attracting more than 2.6 million participants who willingly undergo iris scans using Worldcoin's distinctive "orb" devices in exchange for a digital ID and free cryptocurrency.

Altman expressed his perspective during a virtual Q&A session hosted by fintech-focused investment bank FT Partners, emphasizing the increasing importance of identifying unique humans in a world dominated by artificial intelligence.

The Block reported that Tools For Humanity is in the process of raising funds by offering discounted rates on the project's crypto tokens. This fundraising effort follows a previous success, where Worldcoin secured $115 million in a Series C funding round led by Blockchain Capital, alongside a16z crypto, and Bain Capital Crypto.

Despite its innovative approach, Worldcoin has faced scrutiny from regulators, with authorities in the United Kingdom and Germany expressing interest in the project since its launch in July. A spokesperson for Worldcoin has not provided immediate comments on The Block's fundraising report.

OpenAI's involvement in Worldcoin reflects a broader vision for the integration of artificial intelligence and digital identity, challenging the conventional norms of our evolving digital landscape.

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OpenAI CEO promotes crypto project Worldcoin after fundraising report

OpenAI CEO Sam Altman promotes crypto project Worldcoin after fundraising report