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Sam Altman’s Dismissal Causes Worldcoin’s Price to Plummet

Sam Altman’s dismissal from OpenAI causes Worldcoin’s price to plummet:

  • Sam Altman was recently removed from his position as CEO of OpenAI.
  • Altman’s ousting led to an immediate drop in the price of Worldcoin.
  • OpenAI’s board of directors justifies their decision by citing a “lack of communication.”

The Impact of This Dismissal on Worldcoin

Just a few hours ago, we learned about Sam Altman’s dismissal from his position as CEO of OpenAI, which was motivated by communication issues, according to the board of directors.

This announcement had a direct impact on the price of Worldcoin, a cryptocurrency project co-founded by Altman, which aims to create a large-scale identity and financial network. Indeed, the price of the project’s native token, WLD, dropped by approximately 9% immediately after the announcement, and over 12% in the last 24 hours.

Within an hour, the token price went from $2.05 to $1.86.

The Contexts of Sam Altman’s Dismissal

Altman’s dismissal was allegedly due to “communication problems with the OpenAI board of directors,” which lost confidence in his ability to effectively lead the company. This lack of trust led to the need for new leadership.

As a result, Mira Murati, OpenAI’s technical director, has been appointed interim CEO. This decision comes shortly after a period of significant developments at OpenAI, including improvements to the ChatGPT engine.

The project, which rewards users for scanning their retinas, has generated both interest and controversy, particularly due to privacy and ethics concerns. Furthermore, if you want to learn more about the project:

Despite the controversies surrounding Worldcoin, especially in terms of privacy, the project continues to attract attention in the cryptocurrency ecosystem.

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