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Elon Musk Sues Sam Altman: Worldcoin (WLD) Declines

Jordan Avery by Jordan Avery
March 2, 2024
in News
Reading Time: 3 mins read
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The founder of Tesla and SpaceX, Elon Musk, believes that everyone around him, except him, is developing artificial intelligence (AI) just to make money. Famous billionaire Elon Musk has filed a lawsuit against OpenAI, the company behind ChatGPT, and its CEO Sam Altman, on the other hand, the Worldcoin project token (WLD) fell by 5% amid the news. 

 

Altman Only Interested in Money

Musk’s lawsuit claims that OpenAI has deviated from its main goal – to create AI for the benefit of humanity. Instead, the firm, backed by tech giant Microsoft, cares only about its own financial gain. 

worldcoin-wld-elon-musk-Sam Altman-22221
Sam Altman- Source: Britannica

“To this day, on the OpenAI, Inc. website. They say their mission is to make ChatGPT-4 “benefit all of humanity.” However, in reality, the company has become a closed subsidiary of the largest technology company in the world, Microsoft,” the court documents say. 

The ChatGPT-4 update, launched in March 2023, does not in any way correspond to the original principles of OpenAI, Musk said. The upgrade is touted as an “AI breakthrough,” but in reality it is the opposite of all other versions of the chatbot, since its source code is closed. 

The billionaire wants the court to prohibit the company and its two co-founders, Sam Altman and Greg Brockman, from making money on ChatGPT-4. 

 

Elon Musk & OpenAI

OpenAI appeared in 2015. Back then it was a non-profit AI research lab. Only five years later the company turned into a commercial giant. 

Elon Musk was one of the founders of the company. The lawsuit also claims that over the entire period of OpenAI’s existence, he has invested more than $44 million in the project. 

worldcoin-wld-elon-musk-Sam Altman-22
source: CNN

In 2018, the head of Tesla and SpaceX left the company’s board of directors due to disagreements with Altman. A year later, OpenAI created a commercial division in which Microsoft invested about $13 billion. Now this alliance is under close supervision by antitrust authorities in the United States, the European Union and the United Kingdom. 

 

Worldcoin (WLD) reacts

Worldcoin, founded by OpenAI’s Sam Altman, scans peoples biometrics in exchange for a digital ID and in some cases, cryptocurrency. Over the past two weeks, the Worldcoin token has experienced massive growth  in total, the coin has risen in price by 79.3%. For the most part, this dynamics was facilitated by positive news from the project, including the launch of a new neural network for video generation, Sora. 

Worldcoin- wld- Elon Musk- Sam Altman
Image: CoinMarketCap

According to Coinmarketcap, at the time of writing, WLD is trading at $7.87. Over the past 48 hours, the asset has fallen in price by 5%. WLD’s capitalization now exceeds $1 billion. Daily trading volume over the past 24 hours has dropped by more than 40% to $640 million. 

Tags: AiAltcoinChatGPTelon musklawsuitOpenAISam AltmanWLDworldcoin
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