OpenAI's Sam Altman raises $115 mln for Worldcoin crypto project

OpenAI's Sam Altman raises $115 mln for Worldcoin crypto projectCredit: Indiatimes


4 months ago

Altman and OpenAI, the startup behind ChatGPT, have been in the spotlight since late last year, with interest in artificial intelligence growing by leaps and bounds. He testified before a U.S. Senate panel last week and called for regulation of the technology.

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Sam Altman, the Silicon Valley entrepreneur and investor behind OpenAI, has raised $115 million for the Worldcoin crypto project, a blockchain-based platform designed to make it easier and more secure to store, send, and receive digital assets. In addition to Altman, the round was backed by several high-profile investors, including Andreessen Horowitz, Digital Currency Group, and Polychain Capital. The funds will be used to accelerate the development of the Worldcoin platform, which is expected to launch in early 2021. The platform will be open to both institutional and retail investors and will provide a range of services, including decentralized finance (DeFi) and digital asset management. Altman believes that Worldcoin will be a major breakthrough in the cryptocurrency space, creating an open and secure platform to help users, businesses, and developers move digital assets quickly and securely.

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