Worldcoin’s WLD Slides as Elon Musk Sues OpenAI

Markets

Worldcoin’s WLD token slid in European morning hours on Friday after a report of a lawsuit against related company OpenAI emerged.

WLD dropped 2.2% in an hour as Reuters reported technology investor Elon Musk had sued OpenAI and CEO Sam Altman for breach of contract, as per a Thursday filing. Musk accused them of breaching contractual agreements made when he allegedly helped found the company in 2015.

Altman is a board member and co-creator of Worldcoin. The controversial project aims to scan everyone’s eyes in exchange for a digital ID and tokens.

In the past year, AI tokens have tended to move when there are developments in the broader artificial intelligence industry. In February, several AI tokens rallied after chipmaker Nvidia beat fourth-quarter earnings estimates and OpenAI released a new text-to-video product.

Related news

Markets
Apr. 26, 2024

ARK Sells Last of Its ProShares Bitcoin Futures ETF Shares

ARK bought over 4 million BITO shares late last year as a short-term play in anticipation of the approval of spot bitcoin ETFs in the U.S., with plans to swap them once the approval came. Following consistent sales in January, ARK has sold the ...
Markets
Apr. 26, 2024

Bitcoin Stable Above $64K While ETF Outflows Hit $200M

BTC is trading above $64K even as outflows accelerate. The correlation between ETF outflows and BTC’s price is weakening. Bitcoin {{BTC}} is trading above $64K in the early afternoon of East Asia’s trading day, even as outflows from bitcoin e...