Tools for Humanity executive accused of misappropriating millions of dollars in company funds to pump Worldcoin price
Odaily reported that Tools for Humanity, co-founded by OpenAI CEO Sam Altman, has simultaneously launched two internal investigations led by external law firms. The investigations focus on alleged improper use of funds by executives and suspected violations related to its operations in Thailand. Executives at the company have been accused of approving payments of millions of dollars to a foreign company. These funds were not intended for legitimate business purchases or service fees, but rather to artificially inflate the market price of its cryptocurrency Worldcoin. Additionally, Tools for Humanity’s partner in Thailand is reportedly an internationally wanted suspect involved in a “pig-butchering” scam. Meanwhile, regulatory agencies in multiple countries have raised serious concerns about Tools for Humanity’s iris scanning and data collection practices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. stocks ignore high yield warnings! Tech stocks lead gains, pushing the S&P 500 near historic highs
As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.
BUZZ - Australia's Stakk shares surge due to IBM software contract
On October 5th, Stakk (SKK.AX) shares rose as much as 26.1% to AUD 0.029, marking the largest intraday gain since September 29. The digital trust technology company announced that IBM will use its AI-driven document processing and verification software under a contract. The software will be deployed across Australia and New Zealand. The initial contract term is one year and will immediately generate revenue for the company. Including today's trading, the stock has declined 30.3% so far this year.
The Japanese Yen firms on a BoJ speech about AI and gives it all back
OpenAI reportedly in talks with UAE capital for $30 billions financing; multiple funds may form a consortium to invest up to $10 billions
According to sources familiar with the matter, OpenAI is in funding talks with several UAE investment funds, including Abu Dhabi’s MGX, in hopes that they will become key investors in a new funding round of at least $30 billions.
Crypto prices
More
