Worldcoin Price Jumps As Google Secures Major Cloud Deal with OpenAI

Worldcoin price has experienced a jump, with the digital currency reaching $1.13, up 3% in the past 24 hours. The WLD price surge comes as news broke of Google securing a cloud deal with OpenAI.

Google and OpenAI’s Cloud Partnership

According to a Reuters report, Sam Altman’s OpenAI has entered into a cloud services deal with Google to support its rapidly growing computational needs. With the surging use of AI models such as ChatGPT, OpenAI has started using cloud services from several different providers besides just relying on Azure.

Google’s advanced computing systems and specialized tensor processing units (TPUs) for AI are part of the new collaboration. With this agreement, AI development and cloud computing are undergoing a significant change.

Google’s cloud business is getting stronger, and working with Sam Altman’s OpenAI is set to improve its position in the cloud industry compared to competitors like Microsoft and Amazon. By finalizing this agreement, Google guarantees that it can offer more AI-based applications and cloud services to its clients, including OpenAI.

Worldcoin Expansion in the UK

Amid these developments in AI and cloud computing, Worldcoin has also been making significant moves, particularly in the United Kingdom despite troubles early last month. The biometric-based identity platform is expanding its services in several major UK cities, including London, Manchester, and Birmingham.

To make online identification safe, Worldcoin’s Orb hardware will scan users’ irises and create a special digital token for them. If someone finishes the identity verification, they will get £40 in Worldcoin.

To tackle issues around online privacy, Sam Altman’s Worldcoin helps people verify their identity in a secure manner without disclosing private information. With Zero Knowledge (ZK) technology, users enjoy online activities without worrying about their privacy. According to a UK survey, most adults (75%) recognize that confirming their identity online matters more today since AI-generated material and bots began to appear more often.

Worldcoin Price Soars Amid Google Open AI Deal

Worldcoin price rose recently, hitting $1.13 and going up by 3% in the last 24 hours. In the last day, WLD has experienced an increase in market activity, and this is also visible in its derivatives data.

The value of Worldcoin derivatives has gone up by 34.02%, reaching $725.15 million, showing that investors are becoming increasingly interested in the token boosted by the recent securing of $135 million in funding in a private sale.

Open interest in derivatives linked to WLD has gone up by 9.97% to $273.18 million, suggesting more traders are preparing for price movements. The increase in both trading volume and open interest signals that investors are getting more optimistic about Worldcoin price trend amid the positive developments.