Sam Altman’s innovative blockchain project, World, is set to launch in the United States, with plans to deploy 7,500 eye-scanning “orbs” in cities across the nation by the end of the...
Sam Altman’s innovative blockchain project, World, is set to launch in the United States, with plans to deploy 7,500 eye-scanning “orbs” in cities across the nation by the end of the year.
World’s orbs, which are chrome, bowling ball-shaped devices designed to scan a person’s eyeballs for identity verification, will first be introduced to Americans in six key innovation hubs: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Individuals who choose to use the orbs will gain access to the World app and receive a distribution of World’s WLD token. The project aims to have enough orbs spread throughout the U.S. by the end of the year to provide 180 million Americans, more than half the population, access to World’s network.
During a press conference in San Francisco, Sam Altman and other executives at Tools for Humanity, World’s parent company, revealed the U.S. expansion plans along with various new features and partnerships for the project.
The World app will now include access to crypto-backed loans through non-custodial lending protocol Morpho and prediction markets through Kalshi. Later this year, WLD token holders will be able to use their tokens like cash with a new World-linked Visa debit card. The project is also integrating its identity verification technology into certain online dating apps, starting with Tinder users in Japan, for Match Group to pilot using World ID to verify user ages.
Altman mentioned that the concept for World existed prior to OpenAI, his generative artificial intelligence (AI) company.
World is joining the ranks of other crypto projects expanding in the U.S. following a more favorable regulatory environment for crypto projects under the current administration.
As part of its U.S. expansion, the company plans to build a factory in Richardson, Texas, to produce the orbs required for the rollout. Following the initial deployment, other major cities such as Seattle, Orlando, San Diego, and Las Vegas will receive the next wave of orbs.
Alex Blania, co-founder of Tools for Humanity, expressed that the orbs will be widely accessible, with plans to have them available in gas stations, convenience stores, and other locations, allowing verification within 10 minutes wherever individuals are located.
SoftBank, the Japanese investment giant with $308.7 billion in assets under management, has re-entered the world of cryptocurrency by supporting a new bitcoin investment vehicle called Twenty One Capital. This venture...
SoftBank, the Japanese investment giant with $308.7 billion in assets under management, has re-entered the world of cryptocurrency by supporting a new bitcoin investment vehicle called Twenty One Capital. This venture includes partnerships with Tether, Bitfinex, and Cantor Fitzgerald, marking another step towards institutional adoption of crypto assets. Some experts see SoftBank as similar to a Japanese sovereign wealth fund, showcasing the growing interest from traditional financial institutions in the crypto space.
On the other hand, this move may feel like déjà-vu for some as SoftBank founder Masayoshi Son previously incurred a significant loss from a personal bitcoin investment back in 2019. Despite the potential profits he could have made if he had held onto his bitcoin investment until now, he sold in early 2018, resulting in a reported $130 million loss.
Given this history, the question arises whether history will repeat itself or if things will turn out differently this time. In a recent development, SoftBank, OpenAI, and Oracle announced a $100 billion initiative to build AI infrastructure in the U.S., which initially led to a positive outlook for Oracle (ORCL) stock. However, since the announcement, ORCL stock has dropped by 28%, compared to the overall 12% decline in the Nasdaq during the same period.
While various factors contribute to this market underperformance, some analysts have linked Oracle’s selloff to SoftBank’s involvement in the AI infrastructure project. According to Quinn Thompson, founder of crypto hedge fund Lekker Capital, investors tend to sell when SoftBank enters an asset they own. The correlation between SoftBank’s participation and the decline in ORCL stock highlights the complex and interconnected nature of financial markets.
In conclusion, while SoftBank’s foray back into the crypto world with Twenty One Capital is a notable development, past experiences and possible market correlations suggest a cautious approach may be warranted.
OpenAI has been talking to the movie industry’s largest studios for months, but those talks have yet to produce any deals. Studios are reluctant to get into business with an AI...
OpenAI has been talking to the movie industry’s largest studios for months, but those talks have yet to produce any deals. Studios are reluctant to get into business with an AI company as it may anger the labor unions that they work with.
OpenAI found a receptive audience among some filmmakers when it released its Sora AI video generator early last year, but conversations with studios have been more complicated. Screenwriters and actors have been urging studios to police tech companies and ensure that their work isn’t being used illegally.
While studios recognize that AI is already changing how people work, they are reluctant to hand over their most valuable assets to large tech firms without receiving a significant payout.
In a thrilling new development in the tech world, the O3-Mini was officially launched just a few hours ago, and it has already begun making waves with its impressive performance, outperforming...
In a thrilling new development in the tech world, the O3-Mini was officially launched just a few hours ago, and it has already begun making waves with its impressive performance, outperforming its closest competitor, the DeepSeek R1. Early benchmarks and hands-on reviews have shown that the O3-Mini outshines the R1 in multiple key areas, including speed, battery life, and user experience.
The O3-Mini, the latest offering from tech innovators, boasts cutting-edge features that enthusiasts and professionals alike are eager to get their hands on. Packed with state-of-the-art processing power and advanced capabilities, it promises to be a game-changer in its category. From seamless multitasking to superior graphics rendering, it delivers where competitors like the DeepSeek R1 have struggled to meet expectations.
Performance Breakdown: O3-Mini vs DeepSeek R1
One of the standout comparisons between the O3-Mini and the DeepSeek R1 is in their speed and efficiency. The O3-Mini leverages the latest chipset technology, resulting in quicker load times and smoother operations even during intensive tasks. When it comes to processing power, the O3-Mini has shown a clear edge in synthetic benchmarks, where it outperformed the R1 by a substantial margin.
Another area where the O3-Mini is making a significant impact is its battery life. Early reports suggest that, despite its compact size, it offers all-day battery performance that outlasts the DeepSeek R1. This has made the O3-Mini a fan favorite among users looking for reliability on the go.
Design and Usability: A Sleek, User-Friendly Experience
Not only does the O3-Mini deliver in terms of raw power, but its design is another key selling point. The compact, portable form factor makes it ideal for professionals and casual users alike, ensuring comfort during long usage sessions. The sleek design, coupled with an intuitive user interface, sets a new standard for ease of use in this category.
The DeepSeek R1, while no slouch, is now being overshadowed by the O3-Mini’s polished and refined approach to user experience. The O3-Mini has been praised for its ergonomic build and attention to detail, giving it a distinct edge in terms of both aesthetics and functionality.
The Verdict: O3-Mini Is the Clear Winner
Though the DeepSeek R1 has garnered its fair share of attention for its solid performance, it’s clear that the O3-Mini has raised the bar, setting a new standard for the category. For those seeking the latest in tech, the O3-Mini is proving to be the superior option, offering a mix of power, efficiency, and design that is hard to beat.
openai vs deepseek
With its release just hours ago, the O3-Mini is quickly becoming the talk of the tech world, and it’s clear that it will be a dominant player in the market for months to come.
