The price of Worldcoin (WLD ($0.66)) jumped 25% Wednesday to $2.40, leading the crypto market after President Donald Trump teased a $500 billion AI investment initiative around industry giant OpenAI.
Trump said during a press conference Tuesday that a new company, dubbed the Stargate Project, will invest “at least” $500 billion in AI infrastructure for ChatGPT creator OpenAI over the next four years, such as data centers being built in the heart of Texas.
Private-sector companies like OpenAI, Oracle, and the Japanese conglomerate Softbank are among Stargate’s initial equity investors, according to a joint press release. The company has also chosen Microsoft and Nvidia as technology partners.
“This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit[s] for the entire world,” Stargate said.
To be clear, Tuesday’s announcement did not specifically mention the World project, formerly known as Worldcoin (the WLD token still bears that name). Launched by OpenAI CEO Sa...
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