Cryptocurrency launched by OpenAI's Altman is drawing scrutiny from regulators.

Worldcoin, co-founded by Altman in 2019, has been offering tokens of its own cryptocurrency to people around the world, in return for their consent to have their eyes scanned by an orb.

The scans are used as a form of identification as it seeks to create a reliable mechanism to distinguish between humans and machines as artificial intelligence becomes more advanced.

    • pelespiritOP
      4·
      9 months ago

      I hadn’t heard of it before. I think what it’s indicating is even more dystopian, they want to be able to tell the difference between human and machine? Yikes, and people agreed to do it.

  • AutoTL;DR@lemmings.worldBEnglish
    1·
    9 months ago

    This is the best summary I could come up with:

    Spain has moved to block Sam Altman’s cryptocurrency project Worldcoin, the latest blow to a venture that has raised controversy in multiple countries by collecting customers’ personal data using an eyeball-scanning “orb.”

    Mar España Martí, AEPD director, said Spain was the first European country to move against Worldcoin and that it was impelled by special concern that the company was collecting information about minors.

    The Spanish regulator’s decision is the latest blow to the aspirations of the OpenAI boss and his Worldcoin co-founders Max Novendstern and Alex Blania following a series of setbacks elsewhere in the world.

    At the point of its rollout last summer, the San Francisco and Berlin headquartered start-up avoided launching its crypto tokens in the US on account of the country’s harsh crackdown on the digital assets sector.

    While some jurisdictions have raised concerns about the viability of a Worldcoin cryptocurrency token, Spain’s latest crackdown targets the start-up’s primary efforts to establish a method to prove customers’ “personhood”—work that Altman characterizes as essential in a world where sophisticated AI is harder to distinguish from humans.

    The project attracted media attention and prompted a handful of consumer complaints in Spain as queues began to grow at the stands in shopping centers where Worldcoin is offering cryptocurrency in exchange for eyeball scans.

    The original article contains 666 words, the summary contains 214 words. Saved 68%. I’m a bot and I’m open source!