Inside OpenAI CEO’s Eye-Scanning Plan To Replace Passwords

Worldcoin, a crypto project co-founded by OpenAI CEO Altman, is planning to release a World ID verification programme using eye-scanning to replace passwords.

OpenAI CEO Sam Altman’s plan for identity verification is raising serious questions about biometric privacy and the options companies pursue to replace easy-to-guess passwords.

Driving the news: Worldcoin, a crypto project co-founded by Altman, debuted its highly anticipated, years-in-the-making World ID verification program last week. It heavily relies on iris scans as proof of identity.

  • Worldcoin also opened up the waitlist for developers interested in incorporating World ID into their own apps.

Why it matters: As companies increasingly incorporate generative AI into their products, developers are seeking ways to get ahead of the identity theft and online scams the emerging technology is already proliferating.

According to Statista’s Digital Market Insights, estimated global search advertising revenue was estimated to be $260 billion last year and could reach $400 billion by 2026.

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