Worldcoin

when

April

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 <p class="paragraph">Not long after Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffett made controversial <a rel="noopener noreferrer nofollow" title="comments" href="https://thebittimes.com/tag/comments.html">comments</a> about the potential dangers of artificial intelligence (AI) technology, including its role in illicit financial activities, one AI cryptocurrency has started to record massive gains.</p>
 <p class="paragraph">Specifically, Worldcoin (WLD), the crypto asset and digital identification platform developed by Tools for Humanity, a company co-founded by OpenAI CEO Sam Altman, has seen its market capitalization grow 43% so far in May, according to the data shared by blockchain analytics firm <em>Santiment</em><em> </em>on May 6.</p>
 <p class="paragraph">Indeed, the token’s rapid ascension followed a bottoming out at the end of April and seemingly received a boost after the renowned investor made his controversial <a rel="noopener noreferrer nofollow" title="comments" href="https://thebittimes.com/tag/comments.html">comments</a> regarding AI technology, becoming one of the top trending tokens in the crypto industry.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="498" src="https://cdn.thebittimes.com/images/2024/05/07/89fac6eff9a6773f1c929564ae08b21e.webp" alt="Top trending cryptocurrencies. Source: Santiment" class="wp-image-174357" srcset="https://cdn.thebittimes.com/images/2024/05/07/89fac6eff9a6773f1c929564ae08b21e.webp 1024w, https://cdn.thebittimes.com/images/2024/05/07/89fac6eff9a6773f1c929564ae08b21e.webp 300w, https://cdn.thebittimes.com/images/2024/05/07/89fac6eff9a6773f1c929564ae08b21e.webp 768w, https://cdn.thebittimes.com/images/2024/05/07/89fac6eff9a6773f1c929564ae08b21e.webp 1096w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Top trending cryptocurrencies. Source: </em><em>Santiment</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-warren-buffett-s-views-of-artificial-intelligence">Warren Buffett’s views of artificial intelligence</h2>
 <p class="paragraph">As it happens, at his annual shareholder meeting in Omaha, Nebraska, on May 4, Buffett shared his fears about the potential impact of AI, comparing it with nuclear weapons and stating that an AI-backed tool recently replicated his image and voice so convincingly that they could have fooled his own family.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“We let a genie out of the bottle when we developed nuclear weapons. (…) AI is somewhat similar – it’s part way out of the bottle. (…) If I was interested in investing in scamming, it’s going to be the growth industry of all time.”</p>
 </blockquote>
 <p class="paragraph">That said, his company, Berkshire Hathaway, has started deploying AI to streamline parts of its business, and Greg Abel, Buffett’s expected successor who currently runs the organization’s non-insurance operations, acknowledged it might offer some potential:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“At times it displaces the labor, but then hopefully, there’s other opportunities.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-worldcoin-price-analysis">Worldcoin price analysis</h2>
 <p class="paragraph">Elsewhere, Worldcoin was at press time changing hands at the price of $6.21, witnessing a modest decline of 1.77% in the last 24 hours, but climbing 36.85% in the last week alone, as it recorded a not-so-impressive month as a whole, during which it declined 12.79%.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/05/07/fcf9b5196ce0620c2448f6b67bcafc50.webp" alt="Worldcoin (WLD) price 7-day chart. Source: CoinMarketCap" class="wp-image-174358" srcset="https://cdn.thebittimes.com/images/2024/05/07/fcf9b5196ce0620c2448f6b67bcafc50.webp 1024w, https://cdn.thebittimes.com/images/2024/05/07/fcf9b5196ce0620c2448f6b67bcafc50.webp 300w, https://cdn.thebittimes.com/images/2024/05/07/fcf9b5196ce0620c2448f6b67bcafc50.webp 768w, https://cdn.thebittimes.com/images/2024/05/07/fcf9b5196ce0620c2448f6b67bcafc50.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Worldcoin (WLD) price 7-day chart. Source: </em><em>CoinMarketCap</em>
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 </figure>
 <p class="paragraph">However, during the month of May so far, WLD has managed to grow its market cap by over 43%, climbing from $873.15 million on May 1 to surpass the $1 billion mark on May 3 and proceeding to the current $1.25 billion, as per data retrieved by Finbold on May 7.</p>
 <p class="paragraph">Ultimately, the interest in the crypto asset and its use cases could push its price even further, particularly if the company manages to establish partnerships with major technology and finance companies, including OpenAI and PayPal (NYSE: PYPL). However, doing one’s own research is critical before investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-ai-token-skyrockets-after-warren-buffet-s-comments-tbt87633.html">https://thebittimes.com/this-ai-token-skyrockets-after-warren-buffet-s-comments-tbt87633.html</a></p>

This AI token skyrockets after Warren Buffet’s comments

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