WLD surges amid reports of an OpenAI-led $500b AI project

The price of the Worldcoin WLD token surged nearly 20% to a high of $2.30 as the biometric crypto project reacted to the latest AI-related developments.

January 21, CBS News reported that US President Donald Trump is set to announce a new AI initiative backed by private sector heavyweights OpenAI, SoftBank and Oracle. The AI ​​infrastructure investment project, apparently named Stargate, will focus on the advancement of artificial intelligence in the United States and around the world.

The news seems to have shaken the world (WLD), formerly Worldcointoken holders, with the cryptocurrency rising from a low of $1.90 to an intraday high of $2.30. This rally briefly propelled WLD to the top of the ranking of biggest gainers among the top 200 coins by market cap.

However, the token quickly pared some of these gains and was trading around $2.12 at the time of writing.

World, developed with contributions from Tools for Humanity, is a cryptography project co-founded in 2019 by Sam Altman of OpenAI. The venture capital-backed Proof of Humanity Project has already rallied behind OpenAI-related news.

According to CBS News, Stargate will see OpenAI, SoftBank and Oracle collectively invest an initial $100 billion in the project, with the first major milestone being a state-of-the-art data center in Texas.

The report also states that Masayoshi Son (SoftBank CEO), Sam Altman (OpenAI CEO) and Larry Ellison (Oracle CEO) are expected to join President Trump at the White House for the official announcement.