OpenAI’s Sam Altman Launches Worldcoin Crypto Project

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The project says global identifiers will be needed in the age of generative AI chatbots like ChatGPT, which produce remarkably human-like language. Global identifiers could be used to tell the difference between real people and AI robots online.

Binance, the largest cryptocurrency exchange, said it will list Worldcoin with the tentative opening of trading scheduled for Monday at 9 a.m. GMT (5 p.m. Singapore time).

Altman told Reuters that Worldcoin can also help determine how the economy will be reshaped by generative AI.

“People will be supercharged by AI, which will have massive economic implications,” he said.

One example Altman likes is Universal Basic Income, or UBI, a social benefits program usually run by governments where every individual is entitled to payments. Because AI will increasingly do the work that people do now,” Altman believes UBI can help tackle income inequality. Since only real people can have global IDs, this could be used to reduce fraud when deploying UBI.

Altman said he thinks a world with UBI will be far in the future and he doesn’t have a clear idea of ​​which entity might distribute money, but Worldcoin is laying the groundwork for it to become a reality.

We think we have to start experimenting with things in order to know what to do, he said.

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