In the past week, a series of interesting events have unfolded simultaneously, making it truly dizzying for cryptocurrency investors. The Binance lawsuit, developments in the OpenAI camp, and many other updates are turning the heads of crypto investors. This situation is also increasing volatility in the crypto market. So, what are the latest developments regarding WLD Coin?
Microsoft and OpenAI
Sam Altman was recently removed from the board of directors of OpenAI in a harsh manner. Following this news, the price of WLD Coin (his crypto venture) rapidly plummeted. Later, almost 90% of OpenAI employees announced that they would switch to Microsoft if Sam did not return. Microsoft, in turn, announced that there was room for Sam and all employees, taking an important step to turn this crisis into an opportunity.
The migration of over 700 technical employees from OpenAI to Microsoft would greatly benefit the company in the field of artificial intelligence. Consequently, we saw the stock price rise. Following all these dizzying events, according to a statement from the AI company, Sam Altman, the former CEO of OpenAI who was previously removed from his position, will return to his former role.
On November 22nd, OpenAI announced that they had reached an agreement in principle with Altman. The company behind the popular ChatGPT AI bot is forming a new board of directors consisting of President Bret Taylor, Larry Summers, and Adam D’Angelo.
Sam wrote the following:
“With the support of the new board of directors and Satya (Microsoft CEO Satya Nadella), I eagerly look forward to returning to OpenAI and further developing our strong partnership with Microsoft.”
WLD Coin Price
Sam Altman is currently the founder of Worldcoin (WLD) project, and investors’ main motivation is to invest in the crypto venture founded by the OpenAI CEO. This motivation is so strong that they maintain long-term optimism despite regulatory pressures and negative attitudes towards retinal scanning by governments.
Now, after a major battle, Sam’s reinstatement has further boosted the motivation of WLD Coin investors. Following the news of Altman’s removal, the token dropped to $1.8 over the weekend, but it has since approached the $2.7 mark. If the price increase of WLD Coin continues, it could reach its all-time high of $5.29.
