Worldcoin price surges 20% amid $500B AI Stargate venture announcement
WLD briefly rose to $2.30
On January 21, the Worldcoin identification crypto project, led by OpenAI's Sam Altman, surged from $1.90 to an intraday high of $2.30, briefly topping the list of the most profitable coins among the top 200 cryptocurrencies by market capitalization.
This spike is linked to news about a major AI initiative involving OpenAI and Sam Altman, who is also the co-founder of Tools for Humanity, the organization behind Worldcoin.
According to CBS News, OpenAI, SoftBank, and Oracle are set to create a joint venture called Stargate, aimed at building AI infrastructure in the United States.Initial investments in the project will amount to $100 billion, with total funding potentially reaching $500 billion.
Stellar AI investments
SoftBank’s Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison are expected to present Stargate to U.S. President Donald Trump at the White House.
CBS News sources revealed that Stargate will start with a data center project in Texas and eventually expand to other states. Additional investors are expected to join the venture, though their identities remain unclear.
WLD price dynamics for 24 hours. Source: CoinMarketCap
Worldcoin has previously seen price increases following news from OpenAI, but it couldn’t sustain the $2.30 level, trading at $2.04 at the time of writing. Despite this, the cryptocurrency recorded a daily gain of over 6%.
As we wrote, german data protection authority (BayLDA) has issued a directive to Worldcoin, the digital identity project founded by OpenAI CEO Sam Altman, to delete biometric data collected in violation of European Union privacy laws.
