Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized. In an interview at the All-in podcast, Altman stated that he favored UBI initiatives given the magnitude of the changes implementing AI might bring to […]
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Cardano Founder Courts OpenAI’s Sam Altman – What Does He Want To Build?
OpenAI recently announced a shocking leadership change with Sam Altman being ousted as CEO. After five years of being at the helm of taking OpenAI from a to billion valuation, the AI company is now at a crossroads with Altman departing and former Chief Technology Officer (CTO), Mira Murati taking over as interim CEO.
Altman hasn’t provided specifics of his next actions; however, he has posted on social media that he “will have more to say about what’s next later.” In light of this, Charles Hoskinson, the creator of Cardano, sees a window of opportunity. Hoskinson gave the former CEO a bold proposal on social media platform X to join hands in establishing a decentralized language learning model in partnership with the Cardano blockchain.
Sam @sama since you have some free time now. If you are interested in doing a decentralized LLM, then hit me up. Would be a fun Cardano Partnerchain
— Charles Hoskinson (@IOHK_Charles) November 18, 2023
Hoskinson Wants To Build A Decentralized Language Learning Model
Charles Hoskinson has a vision for AI that embraces decentralization and openness. As the founder of Cardano and a former co-founder of Ethereum, Hoskinson knows a thing or two about building decentralized networks. Hoskinson’s vision of a decentralized language learning model is ambitious, but promising.
On the other end, if there’s anyone who knows anything about language learning models, it is definitely Sam Altman. The former CEO is known for being one of the architects of the language models that power ChatGPT, which has gained widespread adoption since its launch in November 2022.
If Altman takes Hoskinson up on his offer, it could mark a turning point in how AI models like ChatGPT are built and how they serve users. A decentralized LLM would essentially be available to everyone and resistant to censorship, tampering, and monopolization by governments and large corporations, which is one of the concerns being raised regarding existing LLMs.
Aftermath Of Sam Altman’s Removal As CEO
Altmann’s removal as CEO sent ripples around the AI and crypto industries. Greg Brockman, president and one of the co-founders of OpenAI, also announced his departure from the company.
As one would expect, WorldCoin reacted negatively to the news. According to data from Coinmarketcap, Worldcoin (WLD) dropped by 12.75% in the hours following the news of the CEO’s removal. However, the crypto has since recovered and is now trading at .38.
According to OpenAI’s announcement, the decision to fire Altman was made by the board of directors, as they’ve lost confidence in his ability to continue his duties as CEO due to his lack of transparency in his communications. However, rumors are that OpenAI investors are looking to reinstate Altmann into his job as CEO.
Cardano ADA is trading at .375 at the time of writing. According to a crypto analyst, ADA could spike to the .78 mark if it is able to break out of the current falling wedge pattern.
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Worldcoin (WLD) Crashes By 11% As OpenAI Pushes Out Sam Altman
Worldcoin (WLD) experienced a sharp decline in its market price on Saturday after its founder, Sam Altman, was removed as the CEO of popular artificial intelligence company OpenAI. This development follows the heavy regulatory scrutiny on the crypto project due to privacy concerns.
OpenAI Votes Out Sam Altman, Cites Loss Of Confidence
In a shocking development on Friday, OpenAI announced a leadership change, stating that Sam Altman will immediately exit the company as its CEO.
In this statement, the company expressed its gratitude to Altman for contributing immensely to their development during his four-year tenure as their global leader.
However, after an intense review process by the board of directors, it was concluded that the Worldcoin founder had not been fully honest in his exchanges with the board, leading to a loss of confidence in his ability to continue his duties as CEO.
Following Altman’s departure, Mira Murati, OpenAI’s chief technology officer, will now act as interim CEO pending the appointment of a permanent successor.
However, as one could expect, Altman’s removal as OpenAI CEO, combined with the scathing statements in the company’s announcement, has created a negative sentiment around the Worldcoin project.
According to data from CoinMarketCap, WLD is currently down by 12.75% over the last 24 hours. Meanwhile, the token’s daily trading volume has managed to remain afloat with a 15.13% gain.
What Next For Worldcoin?
Worldcoin was officially launched in July with the goal of creating the largest digital identity and financial network. The project relies on the use of iris-scanning orbs to physically admit new members, prompting concerns about privacy, anonymity, and user data protection.
After Altman’s departure from OpenAI, there are currently speculations on Worldcoin’s future trajectory. Clearly, Worldcoin benefited from Altman’s visibility as OpenAI’s CEO, as reflected in the token’s current downtrend.
Notably, WLD gained by over 25% in October, with many analysts citing anticipation of the OpenAI developer conference in November as the driving force.
Therefore, the removal of Altman from OpenAI may not bode well for Worldcoin in terms of credibility and public investor sentiments. On the other hand, Worldcoin could soon recover from its market slump and rise to higher heights despite this new challenge.
Following its public official launch in July, Worldcoin came under much criticism from global regulators who expressed concerns over operations in regard to the collection of data using iris scanning orbs and the potential applications of user data.
Notably, Worldcoin has been suspended from Kenya, while the governments of the United Kingdom and Germany have opened investigations into the project’s operation.
However, the crypto project has remained resilient despite these regulatory hurdles, marking a milestone of 4 million app downloads and 1 million monthly active users, as reported earlier in November.
At the time of writing, WLD trades at .85, with a 0.86% decline in the last hour. Meanwhile, the token’s market cap stands valued at 1.37 million.
Openai Shakeup: Sam Altman Out as CEO, Worldcoin’s WLD Plunges
Following the announcement by Openai, a firm dedicated to artificial intelligence (AI), that Sam Altman is stepping down, Worldcoin, a crypto venture backed by Altman, experienced a 13.5% decline in its native asset WLD compared to the U.S. dollar. Openai, in an open letter addressed to the public, revealed that its board has reached a consensus that it “no longer has confidence in his ability to continue leading Openai.”
Sam Altman Departs Openai, Triggering Worldcoin Slide
On the day of Friday, November 17, 2023, Openai, known for developing Chatgpt, declared that its CEO, Sam Altman, is exiting the organization. Mira Murati, the CTO, has been named the interim CEO to guide Openai during this transition. The letter articulates Openai’s gratefulness for Altman’s “many contributions” to the inception and expansion of the company. Nonetheless, it also underscores the AI firm’s board’s loss of “confidence” in his ongoing leadership at Openai.
The company’s board stated:
Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.
Altman was not only at the helm of Openai but he also played a crucial role in the crypto project Worldcoin, which utilizes the native token WLD. Following the recent announcement, the WLD token has experienced a notable decline of 13.5%, with its 24-hour trading range fluctuating between .89 and .25. Following the significant slide, WLD rebounded a hair and is now only down 8% against the U.S. dollar.
Presently, it’s trading at per unit. In the vast landscape of over 10,000 cryptocurrencies, its market capitalization stands at 9 million, ranking it at the 171st position in the global crypto economy. Additionally, WLD has seen 4 million in trading volume in the last 24 hours, with the dominant trading pair being tether (USDT).
What do you think about Sam Altman stepping down from Openai? Share your thoughts and opinions about this subject in the comments section below.
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam Altman
Bitcoin traded above ,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, which rose by 336,000 in September, more than the 170,000 many had expected. Ethereum was marginally higher on Saturday.
Bitcoin
Bitcoin (BTC) continued to trade around the ,000 level on Saturday, as traders responded to podcast phenom Joe Rogan, discussing the cryptocurrency.
Speaking to founder of Openai Sam Altman, Rogan said, “That’s the one that has the most likely possibility of becoming a universal viable currency.”
BTC/USD peaked at ,252.54 following the comments, following a low at ,215.55 during Friday’s session.
Looking at the chart, the move came after the relative strength index (RSI) broke out of its own price ceiling at 61.00.
Currently, price strength is now tracking at a reading of 62.25, with the next visible ceiling at the 65.00 mark.
Should the index reach this point, there is a strong possibility that bitcoin will be trading above ,500.
Ethereum
Despite not being lauded by Rogan, ethereum (ETH) also made marginal gains to start the weekend.
Following a low of ,613.38 on Friday, ETH/USD moved to an intraday high of ,659.61 as the session progressed.
As of writing, gains have somewhat faded, with the world’s second largest cryptocurrency now trading at ,641.61.
The 14-day RSI on ethereum is now hovering near a resistance of 50.00, however unlike BTC, it has not yet been able to break out of this zone.
In the event this takes place in the coming hours, ethereum bulls will likely make another run for the ,700 level.
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Do you expect bullish momentum to increase this weekend? Leave your thoughts in the comments below.
Worldcoin Adoption Said to Be Accelerating; Sam Altman States ‘One Person Getting Verified Every 8 Seconds’
Worldcoin, the digital ID passport and universal basic income project, is allegedly rising in popularity, with thousands of people said to be signing up and registering. According to Sam Altman, co-founder of the project, one person is currently verified by the iris scanning devices — the “Orb” — every 8 seconds. However, some data could call these claims into question.
Worldcoin Operations Allegedly Ramping Up, One Person Getting Verified Every 8 Seconds
Worldcoin, a project that aims to become a digital decentralized ID that will serve to deploy a Universal Basic Income (UBI) system with Sybil protections, is seeing more interest from potential users, according to statements from its team.
The project launched officially on July 24 after more than three years of development, and it is currently ramping up its presence in different parts of the world. Photos of the iris scanning devices, called “Orbs,” have been shown on Worldcoin’s social media accounts, confirming their presence in cities like Lisbon, Miami, and Los Angeles, even as the World App is not available in the U.S. due to lack of regulatory clarity.
Sam Altman, CEO of Openai and co-founder of Worldcoin, posted a video on social media showing users waiting in line to be signed up using an Orb to verify their identities. Altman stated there were “crazy lines around the world,” declaring that one person was getting verified every 8 seconds.
Altman’s Objectives
Due to the supposed high level of demand, Worldcoin is now allowing users to reserve their genesis airdrop of 25 WLD, the native token of the protocol, and be verified later to obtain it. However, reports indicate this demand might not be as high as Altman states. For example, a recent article published on SCMP declares only a few hundred participants registered in Hong Kong on Monday and Tuesday.
While Worldcoin announced it had reached 2 million signups on July 13, the data shows that only about 13% of these users have possession of the WLD tokens on the Optimism network. According to Etherscan, less than 270,000 participants are holding WLD, the protocol’s token. This is still far from the 2 billion people Altman mentioned recently on social media as his final goal.
According to blockchain research company Kaiko, due to the distribution of liquidity among market makers, the first weeks might be crucial for the project, given that the value of the airdrop is close to is “and will likely stay in that range for the next three months.”
What do you think about Wordcoin and its announced adoption? Tell us in the comments section below.
Bitcoin Life Insurance Startup Raises $19M in Seed Rounds Led by Sam Altman and Gradient Ventures
Meanwhile, a life insurance company that uses bitcoin, has accumulated million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google’s Gradient Ventures took charge of the second round.
Crypto Startup Meanwhile Gains Million for Bitcoin Life Insurance Endeavor
The Bermuda-registered bitcoin life insurance startup Meanwhile announced its successful procurement of million in two seed rounds. The company aims to provide an AI-focused insurance policy denominated in the prominent cryptocurrency, bitcoin (BTC). The firm’s web portal discloses that policies are available for people who sign up for the waitlist. “We’ll notify you about your position in the queue,” Meanwhile’s website says.
Licensed by the Bermuda Monetary Authority, Meanwhile is initially targeting bitcoin holders residing in the United States. The newly acquired funds will be allocated to establish a development team. Meanwhile’s co-founder and CEO, Zac Townsend, asserts that “bitcoin is on track to become a global store of value and functional currency.”
Lachy Groom, the former Stripe executive, Openai CEO Sam Altman, and Gradient Ventures spearheaded the two funding rounds with additional investors such as Muoro Capital (Santander), MS&AD, and Hudson Structured Capital Management. Angel investors participating in the rounds include Sam Blond of Founders Fund, Lauren Kolodny of Acrew, Marc Bhavaga of General Catalyst, Parker Conrad, Dylan Field, and Nick Schrock.
The announcement also disclosed 6th Man Ventures made an investment in Meanwhile. Anna Patterson, managing partner at Gradient Ventures, commented that Meanwhile is “sitting at the confluence of the AI and digital assets transformation.” She expressed belief in the company’s potential to revolutionize consumer usage of digital currencies and establish new benchmarks for tech-driven life insurance providers.
Townsend argued that for long-term BTC holders, it “makes perfect sense” to express interest in a BTC-denominated insurance policy. He said he envisions the potential for Meanwhile to evolve into a comprehensive life insurance firm with ambitions to reach over one billion people worldwide. According to Townsend, bitcoin stands as one of the most significant “innovations in money in the last century.”
Traditional investments associated with bitcoin have gained prominence, and a BTC-denominated life insurance policy aligns with pursuits like BTC retirement plans and the capability to utilize BTC for mortgages. The insurance startup says the goal is to facilitate wealth transfer to future generations without imposing a tax burden. Meanwhile advocates its approach as a “thoughtful method of generational wealth transfer.”
What do you think about a bitcoin-denominated life insurance policy? Share your thoughts and opinions about this subject in the comments section below.
Openai Boss Sam Altman Claims He’s Not Involved in Worldcoin’s Day-to-Day Operations at All
After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised 5 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv University that he is not involved in the project’s day-to-day operations.
Sam Altman Says He’s Not Close Enough to the Worldcoin Project to ‘Meaningfully Comment on the Plans’
Sam Altman holds an esteemed presence in the technology sphere and has performed various roles such as Y Combinator’s president, Reddit’s brief CEO tenure, and presently leading Openai, maker of AI-driven chatbot Chatgpt. In 2019, Altman teamed up with Max Novendstern and Alex Bania to establish Tools for Humanity (TFH), the creators behind Worldcoin’s iris biometric cryptocurrency venture.
Worldcoin envisions multiple objectives like constructing a vast identity and financial framework that supports universal basic income (UBI) principles. Supposedly based on Ethereum, the token project recently introduced its dual services—World ID and World App. While World ID claims to provide AI-resistant, iris-dependent identification procedures, the World App focuses on enhancing decentralized identification.
TFH recently acquired 5 million through a Series C financing round headlined by Blockchain Capital. Other participants included Andreessen Horowitz’s A16z crypto branch, Bain Capital Crypto, and Distributed Global. In a video published on Monday, Altman engaged with Dr. Nadav Cohen and others at a Tel Aviv University event discussing AI technology trends. Towards its conclusion, an attendee inquired about Altman’s “future plans” concerning the Worldcoin project.
“I’m an investor,” Altman replied to the woman. “I kind of like helped put the company together but I’m not involved day to day at all. I think it’s very exciting, I think experimenting with new ways to differentiate between … like to prove humanity in a privacy-preserving way and to think about things like global [universal basic income] and ways to fairly democratize access, is a super great area to explore.”
Altman added:
But I’m not close enough to the company to like meaningfully comment on the plans.
Despite its altruistic goals, Worldcoin has faced criticism. Whistleblower and former NSA contractor Edward Snowden rebuked the idea of registering eyeballs in October 2021. MIT Technology Review called out the project in April 2022 for allegedly deceiving and exploiting third-world country citizens to expand its user base. Furthermore, Techcrunch reported hackers allegedly compromised some of the Worldcoin scanning orbs administrators’ credentials last month.
What do you think about Sam Altman’s commentary about not being close enough to the Worldcoin project to comment on it? Share your thoughts and opinions about this subject in the comments section below.
Y Combinator’s Sam Altman Says ICOs Are A ‘Bubble’ As Firm Weighs Tech Uses
Y Combinator, Silicon Valley-based startup accelerator, is looking at blockchain in order to boost access to startups for investors.