In related news, Altman is reportedly deep in negotiations to raise roughly $100 million for another of his enterprises, Worldcoin, as reported by the Financial Times.
While the specifics of Worldcoin’s promise remain murky, it appears to include universal eye scans in exchange for a random amount of cryptocurrency. The project’s language alludes to OpenAI’s dream of robust automation leading to an age of abundance, proclaiming it will pave the way on the “path to AI-funded UBI.”
It’s astonishing to see investors prepared to put any major money into a blockchain startup in light of the current crypto crisis; at the very least, it shows the buzz around everything Altman touches.
Problems with the Start-Up Attempt
Since the release of ChatGPT, Worldcoin, which was founded in 2019 and went public in 2021, has had a lower profile than OpenAI. Three persons acquainted with the fundraiser told the FT that despite this, it has caught the interest of investors.
Despite how far-fetched it may seem, the concept appears to be gaining support. In March, Fortune reported that the company was scanning the irises of about 40,000 people every week with its orb-shaped device, for a total of about 1.4 million registrants worldwide.
Obviously, that’s a tiny fraction of the world’s population of 8 billion, and BuzzFeed News found last year that some signees reported feeling “robbed” by the process.
To sum up, we find this mediocre Altman experiment lacking. However, he silenced his critics with ChatGPT, and the fact that he is able to raise any cash at all for a crypto company in 2018 is remarkable.
“It’s a bear market, a crypto winter,” one of the FT’s sources said. “This level of funding is unprecedented for a project of this type.”
The current CEO of OpenAI is Sam Altman. He is an American entrepreneur, investor, and programmer. He was the co-founder of Loopt and is the current CEO of OpenAI. He was the president of Y Combinator and was briefly the CEO of Reddit.
Sam Altman is famous for a number of reasons. He is a successful entrepreneur, having co-founded Loopt and OpenAI. He is also a respected investor, having been a partner at Y Combinator. In addition, Altman is a thought leader in the field of artificial intelligence, and he is frequently invited to speak at conferences and events.
Elon Musk is no longer involved with OpenAI. He resigned from the company’s board of directors in 2018, citing disagreements with the company’s direction. Musk had been a vocal critic of OpenAI’s decision to partner with Microsoft, and he had also expressed concerns about the company’s commitment to open-source software.