NEW YORK – One evening in July, a crowd of cryptocurrency enthusiasts gathered at an art gallery in downtown Manhattan.
They were greeted by a scene from science fiction.
At one end of the room was an open bar.
Across from it stood a loose array of gray pedestals, arranged like a futuristic Stonehenge, each displaying a metal sphere about the size of a bowling ball.
The event was a launch party for Worldcoin, a cryptocurrency project created by Mr Sam Altman, chief executive of ChatGPT developer OpenAI, and the crypto company he co-founded, Tools for Humanity.
As music thrummed in the background, guests congregated around the shiny orbs, which looked like a cross between a giant eight-ball and HAL 9000, the rogue computer in the classic film 2001: A Space Odyssey.
The gathering was a small step in what Tools for Humanity claims will be a world-changing project: To scan the eyeballs of all eight billion humans, and then use that one-time ID to offer small allotments of cryptocurrency to support them in a world upended by artificial intelligence (AI).
Every Worldcoin orb contains a camera designed to record images of a person’s irises.
The orbs convert those scans into bits of numerical code, which are supposed to serve as a new type of digital ID.
In the short term, Tools for Humanity plans to generate revenue by offering its iris-based system as an alternative to security technologies such as captcha, the photographic test that is used to sort humans from spam accounts.
Ultimately, Worldcoin’s backers envision a grander plan to protect people from AI advances that they claim will eliminate millions of jobs.
They are promoting the orbs as a possible foundation for universal basic income, a welfare system in which everyone receives guaranteed payments, and argue that iris IDs will help distinguish real people from robots.
To sceptics, the prospect of a privately owned crypto company’s handling the biometric data from billions of people sounds like a recipe for dystopia, with echoes of the 2002 Tom Cruise film Minority Report.
But Tools for Humanity has raised US$115 million (S$154 million) in 2023 from venture capital investors, even as funding for crypto has dried up during a downturn in the industry.
Tools for Humanity is part of a growing array of crypto firms trying to latch on to the hype around AI to propel digital currencies back to relevance after a miserable 18 months of market crashes and bankruptcies.
Its project also shows how powerful figures such as Mr Altman are seeking to profit in a tumultuous period, creating moneymaking ventures to mitigate the negative effects of AI, even as they aggressively develop the technology.
As Tools for Humanity has gained prominence, its marketing tactics and iris-scanning techniques have raised alarms.
In July, the authorities in France and Germany said they were investigating Worldcoin’s data collection practices.
On Wednesday, the government of Kenya ordered Tools for Humanity to stop conducting scans, blaming a “lack of clarity” in its handling of sensitive information.
“They’re asking us to believe them, to trust them,” said Associate Professor Andrew Bailey, a crypto expert at Yale-NUS College.“I don’t think I should have to trust anyone like that when it comes to sensitive information.”
A Tools for Humanity spokesman said the company had designed Worldcoin to “protect individual privacy” and would work with governments to meet regulatory requirements.
Despite the concerns, dozens of crypto fans showed up in July at the Canvas 3.0 gallery in New York City’s Manhattan to celebrate Worldcoin’s launch.
In many places, users receive a small allotment of crypto tokens when they sign up for an iris scan – essentially free money.
But Tools for Humanity is not offering tokens in the United States, citing the legal uncertainty around crypto companies.
As Worldcoin has embarked on a marketing blitz, its backers have trumpeted more than two million sign-ups – a long way from eight billion, but a lot of irises nonetheless.
In July, Mr Altman claimed that the orbs were scanning new eyeballs every eight seconds.
Tools for Humanity chief executive Alex Blania said: “We had a huge, huge surge in demand.
“Long lines in front of orbs.So long that it was hard to handle in some parts of the world.”
More On This Topic Humanity must evolve together with AI, says OpenAI chief during Singapore visit Rise of the robots: UN tries to tackle ‘mind-blowing’ growth of artificial intelligence At the event in Manhattan, a stream of curious onlookers mingled with Tools for Humanity representatives, who wore white T-shirts emblazoned with the words “unique human.”
A freshly scanned guest wondered, from an accessibility perspective, how people who didn’t have eyes would fit into the new world order.The orb operator nodded solemnly.
“That’s a very valid concern,” he said.
None of these potential issues stemmed the flow of sign-ups.Isaac Cespedes, a 32-year-old software developer, spent much of the night weighing the pros and cons of offering his biometric data to a start-up.
“My crypto trader friend – I just messaged him,” Cespedes said.“He thinks it sounds scammy.”
By the end of the evening, though, Mr Cespedes was lining up to be scanned.NYTIMES
.
