Arch-competitors Elon Musk and Sam Altman have a longstanding history of professional rivalry - yet, Altman has recently secured a notable triumph.
World ID Project, Led by Sam Altman of OpenAI, Accelerates into Financial Services
Say goodbye to transfer fees, as users can now move cash easily via the World app, partnering with Visa.
This innovative project, titled "World," is on a mission to differentiate genuine humans from digital entities by utilizing eye scans. The project's goal? To ensure seamless human-to-human interaction online, as AI technology continues to advance.
World has expanded its horizons beyond digital verification, venturing into financial services. Now, users can exchange money with friends and family using the World app—no fees involved! The app provides account numbers for banking interactions, in collaboration with Visa, also offering a payment card.
At the helm of this intriguing project is Sam Altman, the CEO of OpenAI, creators of the wildly popular ChatGPT. He contends that discerning humans from technology online is increasingly challenging. Thus, the verification system is designed to ensure interactions are between real people.
Creating a World ID is easy. Users can establish their profiles with an iris scan at World's Orbs—scan points dotting the globe. In return, they receive allocations of the company's digital currency. Post-launch phases in Latin America, Europe, and Asia, World is now entering the US market.
Versatility Beyond Boundaries
In areas requiring thorough verification, World is gaining traction. Partnering with gaming specialist Razer, the project guarantees users enjoy legitimate human competition instead of battling AI bots.
Online dating is another sector full of potential for World ID. Later this year, users in Japan using apps like Tinder and OkCupid will have the option to log in using their World ID as part of a pilot project. World has formed an alliance with Match Group, the dating platform operator, for this endeavor.
By jumping into these new domains, World is edging ever closer to emulating super apps popular in Asia, such as WeChat. Elon Musk, infamous for his Twitter successor, X, has long planned to transform it into a multi-functional app but has yet to achieve much progress so far. Musk and Altman, long-standing rivals, have been locked in a fierce competition for years.
kh/dpa
[1] Enrichment Data: This project is backed by Sam Altman, CEO of OpenAI. Its verification system uses iris scanning technology to confirm users are human. It has launched in several US cities and aims to become a super app, akin to WeChat, offering various aspects of daily life services beyond just verification and cryptocurrency.
[3] Enrichment Data: The World app partners with Visa to offer fee-free money transfers. In addition, it has a partnership with Razer to ensure fair gaming competition with no AI bots. However, specific details about financial services or partnerships are not yet extensive.
[5] Enrichment Data: The project is working towards expanding its services to include dating apps like Tinder and OkCupid. However, information about collaboration with Match Group is still limited.
1. Sam Altman, CEO of OpenAI, has ventured into the banking sector with the World project, a software designed to differentiate humans from digital entities by using iris scans.
2. Aside from verification, the World app collaborates with Visa to facilitate fee-free money transfers and offers a payment card for banking interactions.
3. The World project, spearheaded by OpenAI, is expanding its services to gaming, aiming to guarantee authentic human competition, in contrast to AI bots.
4. Later this year, users in Japan utilizing dating apps like Tinder and OkCupid will have the option to log in with their World ID, a part of a pilot project in partnership with Match Group.
5. The World app, backed by OpenAI, aspires to emulate super apps popular in Asia, such as WeChat, offering various services for daily life.
