The price of Worldcoin token, WLD, experienced a 20% surge to reach $2.30 following news of an AI initiative backed by private sector heavyweights OpenAI, SoftBank, and Oracle. The initiative, named Stargate, aims to advance artificial intelligence in the United States and globally. Worldcoin, formerly known as World, is a crypto project co-founded by OpenAI's Sam Altman and has previously reacted positively to news related to OpenAI. Stargate will involve an initial investment of $100 billion, with the first milestone being the establishment of a state-of-the-art data center in Texas. The CEOs of SoftBank and Oracle, along with Altman, are expected to join President Donald Trump for the official announcement at the White House. Despite the initial surge, the price of WLD later dropped to around $2.12.



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