AI NEWS: The chief executive of OpenAI has raised $115 million for a crypto start-up called Worldcoin. The project appears to give people cryptocurrency for free, but gathers their biometric data (specifically iris scans) before doing so. The project, Worldcoin, aims to distribute a crypto token to people "just for being a unique individual". The project uses a device to scan irises to confirm their identity, after which they are given the tokens for free. Worldcoin has faced criticism for perceived privacy risks. In response to Altman's tweet introducing the project in 2021, former U.S. intelligence contractor Edward Snowden tweeted, "Don't catalogue eyeballs". The token will not be available to people in the United States and some other countries, according to Worldcoin's website. Investors including a16z crypto, Bain Capital Crypto and Distributed Global also participated in Worldcoin's latest fundraise.