Cryptocurrency

OpenAI Opening Its First Asia Office, Sam Altman’s Worldcoin Price to Rally – Crypto News

Published

2 years ago

April 1, 2024

Dripp

ChatGPT developer OpenAI plans to expand in Asia with the launch of its first Asian office in Tokyo, Japan this month, reported Nikkei on Monday. The move is part of its strategy to offer tailed services and help in creating a regulatory framework in the region amid global demand for Artificial Intelligence (AI).

OpenAI Expands to Japan, Opens First Office in Asia

Artificial intelligence research organization OpenAI is set to open an office in Tokyo, Japan, its first expansion in the Asia region. OpenAI continues to make new developments in the AI field, with the creation and integration of AI into video such as Sora, audio, image editing, and others.

Sam Altman’s OpenAI plans to offer tailored corporate services and customer support from its office in Asia. It will also participate in shaping AI governance framework in the country.

The selection of Japan as its first Asian expansion came after chief executive officer Sam Altman met with Japanese Prime Minister Fumio Kishida in April last year. It helped increase OpenAI’s interest in Japan, easing expansion in the country.

This marks the third international expansion after opening offices in London and Dublin last year. With AI developments picking pace across the world and Japanese companies adopting the technology, OpenAI looks at major benefit in the country.

Japan’s approach to policy and regulation regarding AI is focused on fostering innovation, ensuring public trust, and addressing ethical considerations. Unlike other jurisdictions that have sector-specific regulations for AI, Japan has not established assessment or audit requirements specific to AI.

“Open is set to open its first Asian branch in Tokyo. A clear sign of Japan‘s tech evolution and global relevance in AI innovation. Looking forward to the impact on the local tech scene and international collaboration!,” said Yuki Sugiyama, a Japanese Diplomat in the US.

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Sam Altman’s Worldcoin to Benefit

Japan prepares to rewrite the rules of cryptocurrency investment with a proposed amendment allowing venture capital firms to directly fund crypto and web3 projects.

With crypto adoption rising and AI regulations easing in Japan, Sam Altman’s Worldcoin holds the major advantage in the country. While Worldcoin faces roadblocks in some countries, it has improved the system for resolving privacy concerns. Ethereum creator Vitalik Butrin also lauded Worldcoin for these positive efforts.

WLD price is down 4% in the last 24 hours, with the price currently trading at $7.81. The 24-hour low and high are $7.64 and $8.30, respectively. WLD price has rallied 400% this year.

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