Worldcoin says it will allow companies, governments to use its face-scanning ID system

OpenAI CEO Sam Altman speaks in Abu Dhabi, United Arab Emirates, Tuesday, June 6, 2023. Anthropic, ChatGPT- maker OpenAI and other major developers of AI systems known as large language models say they're hard at work to make them more truthful. Worldcoin will expand its operations to sign up more users globally and aims to allow other organizations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.

Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Most people interviewed by Reuters at sign-up sites in Britain, India and Japan last week said they were joining in order to receive the 25 free Worldcoin tokens the company says verified users can claim.

Worldcoin's website says the project is "completely private" and that the biometric data is either deleted or users can opt to have it stored in encrypted form.

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