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Elon Musk

The Worldcoin (<a href="https://crypto.news/price/Worldcoin/" target="_blank" rel="noreferrer noopener">WLD</a>) cryptocurrency token created by Sam Altman sunk 5% after a lawsuit from billionaire Elon Musk against OpenAI. 
Billionaire Elon Musk filed a lawsuit against <a href="https://crypto.news/tag/OpenAI/" target="_blank" rel="noreferrer noopener">OpenAI</a> and its CEO, Sam Altman, on March 1, in what <a href="https://www.reuters.com/legal/elon-musk-sues-openai-ceo-sam-altman-breach-contract-2024-03-01/" target="_blank" rel="noreferrer noopener">Reuters</a> is reporting as an accusation by the tech mogul that OpenAI has been engaging in unfair business practices, breach of fiduciary duty, and breach of contract. 
According to <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a> data, over the past 24 hours, the WorldCoin token, which is backed by Altman, has fallen by almost 5% to $7.53. A reduction in the trading volume of the token accompanied the fall of 40%, indicating that traders may await a price correction. 
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The billionaire is seeking an injunction against OpenAI, Altman, and company co-founder Greg Brockman from profiting from “AGI”, by which Musk means ChatGPT-4. 
The lawsuit states that previous iterations of this product were available as open source. According to Musk, the decision to abandon this approach was dictated by commercial goals and not by concern for the good of society. 
 You might also like: <a href="https://crypto.news/worldcoin-200-percent-despite-regulatory-challenges/"> Worldcoin surges despite AI regulatory challenges </a> 
The WLD token is not directly related to the activities of <a href="https://crypto.news/tag/OpenAI/" target="_blank" rel="noreferrer noopener">OpenAI</a>, but in both cases, the projects are led by Altman. This connection has resulted in WLD reacting sensitively to OpenAI-related news. In particular, last week, the token reached an all-time high after OpenAI <a href="https://crypto.news/worldcoin-gain-openai-sora/" target="_blank" rel="noreferrer noopener">announced</a> the launch of a neural network for video generation, Sora. In addition to leading OpenAI, Sam Altman co-founded Tools for Humanity, the company behind Worldcoin. 
At the same time, Worldcoin faces its own set of challenges with project recently being forced to stop providing digital identification services in India, Brazil, and <a href="https://crypto.news/french-authorities-investigate-worldcoins-paris-hq/" target="_blank" rel="noreferrer noopener">France</a>. 
 Read more: <a href="https://crypto.news/ai-meme-coin-worldcoin-gains/"> AI-based meme coins rally following Worldcoin’s record weekly gains </a>

Elon Musk sues OpenAI, Worldcoin sinks by 5%

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