- November 21, 2023
- Posted by: [email protected]
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Worldcoin’s cryptocurrency, WLD, has experienced a notable surge of around 7% following the recent announcement that Microsoft has enlisted the expertise of Sam Altman and Greg Brockman, both previously associated with OpenAI, to lead a newly formed advanced AI research team. At the time of this update, WLD is trading at $2.41, indicating a robust increase of over 6.5% in the past day, based on data from CoinGecko.
This positive market movement comes in the wake of a significant downturn in WLD’s value last week. The decline was triggered by the news of Sam Altman’s departure from OpenAI, leading to a sharp drop in WLD’s valuation to as low as $1.86. This represented a substantial 42% decrease from its previous peak at $3.30.
Sam Altman, a key figure in the establishment of Worldcoin alongside Max Novendstern and Alex Blania in 2019, faced removal from his role as OpenAI’s CEO due to alleged communication issues impacting the board’s responsibilities. The unexpected departure prompted several other board members, including Greg Brockman, to leave OpenAI in solidarity.
Capitalizing on this situation, Microsoft strategically hired Altman and Brockman to spearhead a newly formed advanced AI research team. Microsoft’s CEO, Satya Nadella, officially confirmed these appointments, signaling a broader initiative to assemble a talented team for advanced AI endeavors. Nadella hinted at the possibility of additional hires from OpenAI, underscoring Microsoft’s commitment to fostering innovation in the AI space.
Microsoft’s substantial investment of over $10 billion in OpenAI underscores its ongoing support for OpenAI’s product roadmap. The company expressed enthusiasm about collaborating with the restructured leadership team at OpenAI, now headed by Emmett Shear.
Despite the controversies surrounding Worldcoin, including criticism from various governments about privacy, security, and financial implications, the involvement of Altman and Brockman in the AI research team has sparked renewed interest and a positive movement in WLD’s market value. This development reflects market confidence in the potential impact of this collaboration on both Worldcoin and the broader cryptocurrency landscape.
As the cryptocurrency industry continues to evolve, Microsoft’s strategic move to leverage the expertise of Altman and Brockman in advanced AI research is perceived as a positive step, contributing to the positive sentiment and market response observed in WLD’s recent performance.
