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Search resuls for: "Macieira"


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REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsSummaryCompanies CNIL's checks took place on WednesdayWorldcoin is new project of ChatGPT founderPARIS, Aug 31 (Reuters) - France's data watchdog carried out "checks" at Worldcoin's Paris office this week, amid global regulatory pressure on the digital currency firm co-founded by ChatGPT-founder Sam Altman. France's CNIL watchdog said in July it was investigating Worldcoin as the legality of its biometric data "seemed questionable". "Checks took place at the Worldcoin offices," a CNIL spokesperson said on Thursday, confirming an earlier Politico report that the visit took place on Wednesday. Worldcoin requires users to provide their iris scans in exchange for a digital ID and, in some countries, in exchange for free cryptocurrency. The Worldcoin Foundation, a Cayman Islands-based entity, told Reuters via email: "The team at Worldcoin welcomes any opportunity to address questions regarding the project’s purpose and technology."
Persons: Ricardo Macieira, Annegret, PARIS, Sam Altman, France's, Worldcoin, Sudip Kar, Martin Coulter, Alexander Smith, Mark Potter Organizations: REUTERS, ChatGPT, Politico, Worldcoin, Worldcoin Foundation, Microsoft, Thomson Locations: Europe, cryptocurrency, Berlin, Germany, Worldcoin's, Cayman Islands, London
The business-to-business software firm, which has a market cap of $11.5 billion, gave users the option of logging in with their World ID beginning in June. Social media app Discord also uses World ID for verification. But ultimately, the foundation envisions a future where a World ID could be used to facilitate nationwide votes, among other use cases involving banking and e-commerce. Ava Labs president John Wu tells CNBC that the self-custody feature of the Worldcoin ID is also critical. Despite his concerns, Mwangi ultimately chose to enroll in the project because he believed in the wider mission of the World ID.
Persons: Keneth Byarugaba, Byarugaba, Namureba Abel, Abel, Muvya Muthama, Muthama, Sam Altman, Peter Mwangi, I'm, Mwangi, They're, Worldcoin, John Wu, Wu, Ricardo Macieira, Annegret Hilse, hasn't, Byarugaba indoctrinates, it's, isn't, CNBC's Jordan Smith Organizations: Worldcoin, CNBC, cryptocurrency, Social, FBI, Reuters Locations: Uganda, Kampala, Nairobi, Kenya, web3, Chile, Europe, Berlin
Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. 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. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".
Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands
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