Close Menu
    What's Hot

    New U.S. Corporate Tax Reform Evidence

    June 17, 2025

    Air India crash hands owner Tata a defining crisis

    June 17, 2025

    Solar stocks crushed as Senate budget bill proposal keeps cuts to solar incentives (ENPH:NASDAQ)

    June 17, 2025
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Business»Sam Altman’s eyeball-scanning project Worldcoin makes US debut
    Business

    Sam Altman’s eyeball-scanning project Worldcoin makes US debut

    Press RoomBy Press RoomMay 1, 2025No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Unlock the Editor’s Digest for free

    Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

    Sam Altman’s digital ID project Worldcoin has launched in the US, making its controversial iris-scanning technology and cryptocurrency token available in the country as Donald Trump’s administration embraces the digital asset sector.

    The group aims to make the US its core market after initially rolling out the product outside the country in 2023, partly because of the Joe Biden administration’s more hostile attitude to crypto. Altman, who is also chief executive of $300bn artificial intelligence company OpenAI, lamented at the time that his venture, recently rebranded as World, would be “World minus the US coin”.

    Trump has since pledged to make America the “crypto capital of the planet”.

    Announcing the US rollout at an event in San Francisco on Wednesday evening, Altman said: “I’m a very proud American, I think America should lead innovation, not fight it off.”

    World’s technology, he added, was “a way to make sure humans remained central and special in a world where the internet had a lot of AI-driven content.”

    “There were very good reasons why we focused on making sure that the product worked in the entire world before coming to the United States. Some of them are related to regulatory changes,” said Adrian Ludwig, chief architect at Tools for Humanity, the primary developer behind World.

    Altman and Alex Blania founded Tools for Humanity in 2019. It has raised about $200mn to date from venture capitalists including Andreessen Horowitz and Khosla Ventures, LinkedIn co-founder Reid Hoffman, as well as FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud last year.

    Altman and Blania argue a reliable method of distinguishing humans from computers is essential as AI becomes more advanced.

    World manufactures eyeball-scanning “orbs” that generate unique IDs, which can be used to access the group’s Worldcoin token. The spherical devices are roughly the size of a basketball, but World is working on handheld models and wants to eventually integrate the technology directly into web cameras or mobile devices.

    The group aims to build as many as 10,000 orbs for the US market within the next 12 months, roughly five times its current global supply. It is building a new factory in Richardson, Texas, to assemble the orbs, according to Ludwig.

    The launch of advanced AI models — which can accurately mimic human interaction — has introduced real-world applications for World’s technology and made the company’s premise sound less like science fiction.

    The models opened the door to sophisticated fraud, phishing scams and duplicity online. On Wednesday, World announced a partnership with online dating company Match Group to verify users of apps including Tinder. Ludwig argued the technology could play a role across government and community services.

    It could also boost trust and safety on a social network, he said. OpenAI, which is reportedly developing its own social network, could be a future partner, though Ludwig added World’s technology could also be used by rival groups such as Elon Musk’s X or Meta.

    World has yet to make a profit and faced pushback in a number of countries over security and privacy concerns. Last year, the group was blocked by Spain’s data protection regulator, which raised concerns the company was collecting personal information about minors. It also faced bans, probes or fines in Portugal, Hong Kong, South Korea and France.

    Ludwig said World, which offers eyeball scans in about 20 countries, ensured all biometric data was anonymous.

    He estimated that in “18 months or so we will begin to see the costs of operating the network begin to be offset by the fees that are generated by the network”.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Air India crash hands owner Tata a defining crisis

    June 17, 2025

    Global Brands

    June 17, 2025

    Metro’s ex-senior managers were responsible for accounting error, tribunal says

    June 17, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    New U.S. Corporate Tax Reform Evidence

    June 17, 2025

    Air India crash hands owner Tata a defining crisis

    June 17, 2025

    Solar stocks crushed as Senate budget bill proposal keeps cuts to solar incentives (ENPH:NASDAQ)

    June 17, 2025

    Actor Jack Wagner Says He’s Not Planning to Share a Home With Newlywed

    June 17, 2025
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.