CandleFocus More trouble for Worldcoin as OpenAI faces mass exodus
2024-10-03
Author: Content Editor
The digital currency project WorldCoin, started by Sam Altman, has been fined KRW 1.1 billion (US$829,000) by South Korean authorities for breaking personal information protection laws. The violations included failing to inform users of data collection purposes, not introducing a process for the deletion of sensitive data, and not implementing age verification. Altman’s other venture, OpenAI, has also experienced a wave of resignations due to its plan to transition into a for-profit corporation. There are concerns about Altman’s trustworthiness and his motives for collecting biometric information on WorldCoin users. The article emphasizes the need for public blockchains and raises questions about the ability of big tech firms to handle personal data securely.
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