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© Reuters. Sam Altman, CEO of OpenAI, attend the Asia-Pacific Financial Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria
By Elizabeth Howcroft and Martin Coulter
LONDON (Reuters) – OpenAI CEO Sam Altman has doubled down on his imaginative and prescient for cryptocurrency mission Worldcoin, following stories the corporate was in search of $50 million in funding.
Worldcoin says it goals to create a world identification and monetary community. Greater than 2.6 million individuals have signed as much as have their irises scanned by Worldcoin’s “orb” units in trade for a digital ID and free cryptocurrency.
Altman appeared as a part of a digital Q&A hosted by fintech-focused funding financial institution FT Companions on Thursday, per week after crypto information outlet The Block reported that Instruments For Humanity, the corporate behind Worldcoin, was in search of to boost $50 million from traders.
The corporate is elevating funds by promoting the mission’s crypto tokens at a reduced price, in keeping with The Block.
“In a world with a number of AI, figuring out who’s human issues an increasing number of,” Altman stated on Thursday.
“The assumption was and is that as AI turns into an more and more vital a part of our lives…the power to establish distinctive people was going to be an increasing number of vital.”
A spokesperson for Worldcoin didn’t instantly reply to a request for touch upon The Block’s report.
The agency beforehand raised $115 million in a Sequence C funding spherical led by Blockchain Capital, alongside a16z crypto, and Bain Capital Crypto.
Varied regulators, together with in the UK and Germany, have stated they had been wanting into Worldcoin following its launch in July.
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