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Sam Altman's sudden ouster from OpenAI on Friday has not only stirred discussions in the AI sector but also shone a light on his other significant venture Worldcoin (CRYPTO: WLD). This cryptocurrency initiative, designed for equitable global wealth distribution, now stands at a crucial turning point.
The departure of Sam Altman from OpenAI has triggered a notable impact on the WLD token associated with Worldcoin, an iris-scanning biometric project also founded by Altman. CoinGecko reported a 14% drop in the WLD token following the announcement of Altman's exit.
The WLD price plunged after the AI firm ousted ChatGPT's co-founder. Activity on the Worldcoin network also decreased, suggesting unrest among holders.
The board alleged that Altman was fired from his position because he was not "consistently candid in his communications."
The crypto industry has recorded a correction of approximately 1% within the past day, as the space has been trading in the red ahead of the weekend. Bitcoin continued to trade sideways for almost a week, indicating a reduced price action in the market.
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.
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.
The rift between the board members of OpenAI seems to be spreading very quickly after the company announced the ouster of Sam Altman citing a lack of confidence. Moments later, OpenAI co-founder and president Greg Brockman announced his departure from the company.
On Friday, November 17, OpenAI – the company behind the widely popular ChatGPT platform, announced the ouster of Sam Altman from the board of directors. This comes as a shock to the broader AI community as Open AI said that they have lost confidence in Altman, who is quite a popular figure in the generative
In a surprising turn of events, Sam Altman, the now-former CEO of OpenAI, has been ousted from his position following a deliberative review process by the board.
OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman's dismissal shakes the crypto market.
On November 17, the board of directors of OpenAI announced the dismissal of Sam Altman as the CEO of the artificial intelligence company “following a thoughtful review.”
It appears Worldcoin investors aren't taking the OpenAI news well.
OpenAI, a leading artificial intelligence company, has terminated Sam Altman from his role as CEO. The board announced this decision in a blog post, highlighting a loss of confidence in Altman's leadership due to issues related to transparency and communication.
The Worldcoin cryptocurrency token's price fell after the news that Sam Altman was removed from his CEO role.
Artificial intelligence (AI) company OpenAI ousted Sam Altman as CEO and from the board, the board of directors announced in a blog post Friday.
In response to a surge in monthly active users from around the world, TFH has begun rolling out a new World App update that allows users “to customize their experience with multiple languages and local currencies.
Despite being the flagship token of the Ethereum L2, OP is not entirely the dominant cryptocurrency in the Optimism ecosystem. Apart from WLD, others also have a say.
Despite facing a rough patch with global regulators, the iris-scanning Web3 project Worldcoin has seen over 4 million users download its mobile application.
While the value of its WLD token has fallen by almost 50% since launch, Worldcoin continues to grow its user base.
Worldcoin, the cryptocurrency project set up by OpenAI CEO Sam Altman, aims to establish a global ID network akin to India's Aadhaar biometric ID system, a senior employee told Reuters.
World App, the cryptocurrency wallet associated with Sam Altman's Worldcoin, has garnered considerable user activity, reporting over one million monthly active users. The wallet, which has only been on the market for half a year, is now recognized as one of the industry's most frequented crypto wallets.
World App, the crypto wallet from Sam Altman's Worldcoin, has crossed a significant user milestone despite facing international regulatory scrutiny. The World App, launched just six months ago, now claims over one million monthly active users, reported The Block.
Worldcoin has garnered attention this year with the introduction of the World App, marking a significant development in its ecosystem, amidst the dynamic and competitive landscape of digital currencies.
