🔥 OpenAI & Worldcoin Updates

OpenAI and Worldcoin, both of which have Sam Altman as their founder, are facing major changes and challenges.

📌 OpenAI moves to for-profit model

OpenAI, which was originally founded as a non-profit, has officially "turned the wheel" to operate for-profit.

The transition will make it easier for OpenAI to raise capital as the company tries to raise another $6.5 billion at an expected valuation of up to $150 billion. The restructuring also marks the first time CEO Sam Altman has taken an equity stake in the company.

📌 A series of key personnel leave OpenAI

CTO Mira Murati, who played a major role in the development of ChatGPT and DALL-E, has left the company after more than 6 years with the company. Along with the departure of other founders such as Ilya Sutskever and Greg Brockman, this raises many concerns about the stability of OpenAI in the future.

📌 Worldcoin receives fine from South Korea

Worldcoin and its parent company Tools For Humanity have just received a fine of $ 830,000 from South Korea for violating the collection and transfer of personal data. Specifically, the project is accused of:

- Collecting iris information of 30,000 users without clearly stating the purpose.

- Transferring personal data abroad without fully notifying.

- Not providing an option for users to request data deletion.

- Lacking an age verification process for child users.

Previously, Worldcoin has also been banned in many countries such as India, Brazil, France, Argentina, Hong Kong and most recently Colombia.

Despite the turmoil, WLD price is still up nearly 17% in the past 24 hours following the recovery of altcoins.