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Watchdog questions legality of ChatGPT-founder Sam Altman’s Worldcoin biometric data collection

29Jul

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Technology

Watchdog questions legality of ChatGPT-founder Sam Altman’s Worldcoin biometric data collection

[ad_1] France's privacy watchdog CNIL said on Friday it is aware of ChatGPT-founder Sam Altman's Worldcoin project and that the legality of its biometric data collection "seems questionable". Worldcoin, which launched on Monday, requires users to provide their iris scans in exchange for a digital ID and in certain countries free cryptocurrency. Its website says it has signed up 2.1 million people, mostly in a trial over the last two years. Worldcoin has set up sign-up sites in various locations around the world, where people can get their faces scanned by a shiny spherical "orb".Britain's data regulator said this week it will make enquiries about Worldcoin following its launch.CNIL, the French watchdog, said in response to a Reuters question on Worldcoin "The legality of this collectio...

Coinbase Says AI Represents ‘Important Opportunity’ for Crypto

[ad_1] The largest US digital asset exchange Coinbase Global Inc. said the intersection of artificial intelligence and crypto represents an important opportunity for entrepreneurs, including helping to prevent some of the excesses cited by critics of the technology.“As applications within AI and blockchain mature, the disruptions these technologies represent may lead to areas of collaboration and the emergence of new use cases for crypto to help address specific societal challenges posed by AI,” David Duong, head of research at Coinbase, said in a June 1 research report. However, crypto projects that are directly developing AI models on blockchain, applying AI to decentralized applications or solving for AI-related issues are still low. The total market cap of crypto projects that are d...

Crypto Fans Pile Into ‘Faddish’ AI Tokens as ChatGPT Mania Grows

[ad_1] Count on crypto fans to jump on any burgeoning trend as fast as they can. Digital assets focused on artificial intelligence have been skyrocketing since OpenAI's chatbot known as ChatGPT became an internet phenomenon and spurred buzz about its future potential. Nearly all the tokens classified under the AI category by CoinGecko have posted at least double-digit moves over the past week. SingularityDAO jumped 138% over a seven-day period. SingularityNET was 126% higher over that stretch while Artificial Liquid Intelligence rose 87%. For market-watchers with long memories, it's reminiscent of other obsessions in the sector. This includes the phase when initial coin offerings were hot, or when a bunch of companies in 2018 jumped on the “blockchain” bandwagon by reinventing t...