OpenAI CEO Sam Altman's 'questionable' eye-scanning Worldcoin venture under fire from privacy watchdog.

The article focuses on the scrutiny faced by Worldcoin, a cryptocurrency venture founded in 2020 by OpenAI CEO Sam Altman, regarding its biometric data collection practices in Europe. The French data protection authority, CNIL (Commission nationale de l'informatique et des libertés), has raised concerns about the legality of Worldcoin's iris scanning for biometric data and the conditions under which this data is stored. Worldcoin aims to create a decentralized financial system and distribute a universal basic income through its crypto token, but privacy issues have been highlighted, despite the company's claims that biometric data is converted into a non-reversible "IrisCode." Additionally, the distribution of Worldcoin tokens is not available to U.S. users due to regulatory uncertainties. [Extracted from the article]