The price of Worldcoin (WLD) surged nearly 20%, reaching a high of $2.30, following reports of a significant AI initiative led by OpenAI, SoftBank, and Oracle. The announcement, reported by CBS News on January 21, 2025, revealed that U.S. President Donald Trump is set to unveil a $500 billion AI project named Stargate. This initiative aims to advance artificial intelligence both in the U.S. and globally, with an initial $100 billion investment from OpenAI, SoftBank, and Oracle.
The news of the project caused a swift rally in Worldcoin, a biometric-based cryptocurrency co-founded by OpenAI’s Sam Altman in 2019. The token briefly hit an intraday high of $2.30, marking a notable gain after starting the day at $1.90. Although the token later pared some of its gains, trading at around $2.12 at the time of writing, the surge pushed WLD to the top of the gainers list among the top 200 cryptocurrencies by market cap.
The Stargate project, which reportedly includes plans for a state-of-the-art data center in Texas as its first milestone, has attracted considerable attention due to the involvement of major players such as Masayoshi Son (CEO of SoftBank), Sam Altman (CEO of OpenAI), and Larry Ellison (CEO of Oracle). These industry leaders are expected to join President Trump at the White House for the official announcement of the project, further fueling excitement around both the AI initiative and Worldcoin.
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