The price of Worldcoin (WLD) increased by 25% after President Trump announced a $500 billion AI investment initiative for OpenAI. The initiative, known as the Stargate Project, aims to invest in AI infrastructure, including data centers, over the next four years. OpenAI, Oracle, Softbank, Microsoft, and Nvidia are among the companies involved in the project. While the announcement did not specifically mention Worldcoin, its market cap increased to over $2.2 billion. Other AI-related projects, such as Virtuals, also experienced price increases. Traders believe that the investment in AI could benefit the crypto industry and have positive implications for AI agents and associated meme coins. Nvidia and Oracle's stock prices also saw increases following the announcement.
Content Editor ( decrypt.co )
- 2025-01-22
Sam Altman's Worldcoin Surges After Trump Teases $500 Billion OpenAI Plan
