OpenAI CEO raises $115M for crypto company that scans people’s eyeballs

 In Biz & IT, OpenAI, Policy, worldcoin

OpenAI CEO raises $115M for crypto company that scans people’s eyeballs

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A spherical device that scans people's eyeballs.

Enlarge / Worldcoin’s “Orb,” a device that scans your eyeballs to verify that you’re a real human.

A company co-founded by OpenAI CEO Sam Altman has raised $115 million for Worldcoin, a crypto coin project that scans users’ eyeballs in order “to establish an individual’s unique personhood.” In addition to leading the maker of ChatGPT and GPT-4, Altman is co-founder and chairman of Tools for Humanity, a company that builds technology for the Worldcoin project.

Tools for Humanity today announced $115 million in Series C funding from Blockchain Capital, Andreessen Horowitz’s crypto fund, Bain Capital Crypto, and Distributed Global. Blockchain Capital said that Worldcoin’s “World ID” system that involves eyeball-scanning will make it easier for applications to distinguish between bots and humans.

The Orb's components.

The Orb’s components. (credit: Worldcoin)

“Worldcoin strives to become the world’s largest and most inclusive identity and financial network, built around World ID and the Worldcoin token—a public utility that will be owned by everyone regardless of their background or economic status,” the crypto firm’s funding press release said.

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Worldcoin investor insists “Orb” iris scanner is not a “dystopian nightmare.”

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