OpenAI, led by co-founder Sam Altman, is reportedly discussing a partnership with Tools For Humanity’s Worldcoin, a cryptocurrency-based universal basic income and identity verification firm also co-founded by Altman. Bloomberg has revealed ongoing negotiations between the two companies, with OpenAI potentially providing AI solutions and services to Worldcoin.
The potential partnership has drawn attention due to Altman's involvement in both firms, likely leading to increased regulatory scrutiny. Tools for Humanity CEO Alex Blania acknowledged the heightened attention, attributing it to Altman's influence within both companies.
OpenAI and Worldcoin have experienced controversies and regulatory challenges in the past. OpenAI faced EU investigation threats over its Microsoft partnership, while Worldcoin encountered bans in several countries in early 2024.
Despite regulatory challenges, Worldcoin is expanding its operations in 2024. The company launched its blockchain prioritizing verified human users over bots and announced plans to increase its WLD token supply through a sell-off to select institutions.
Worldcoin utilizes iris scanning technology, using hardware called "orbs," to register and confirm users' digital identities. Participants in areas where the service is available can receive WLD tokens in exchange for iris scans, with ongoing rewards for continued participation.
The popularity of Worldcoin's WLD token is rising, leading to a shortage of orbs despite the company having hundreds in use. Each scan earns users WLD tokens, contributing to the token's increasing demand and value.
