Sam Altman's World Project Launches in U.S. with Iris Scans and Visa
CoinDesk
[{'start': '0.240', 'end': '4.880', 'text': "Sam Alman's World Project is officially"}, {'start': '2.800', 'end': '7.200', 'text': 'launching in the United States, opening'}, {'start': '4.880', 'end': '10.240', 'text': 'six US retail locations for eyeball'}, {'start': '7.200', 'end': '12.880', 'text': 'scans and offering WLD tokens to users'}, {'start': '10.240', 'end': '14.559', 'text': 'establishing world IDs. Joining us now'}, {'start': '12.880', 'end': '16.800', 'text': "to discuss is Thiago Sada. He's the head"}, {'start': '14.559', 'end': '19.600', 'text': 'of product engineering and design at'}, {'start': '16.800', 'end': '21.279', 'text': 'Tools for Humanity, which is developing'}, {'start': '19.600', 'end': '23.600', 'text': 'world. Thiago, always a pleasure having'}, {'start': '21.279', 'end': '26.640', 'text': 'you on. Thank you so much for having me'}, {'start': '23.600', 'end': '29.599', 'text': 'again. All right. So, World is opening'}, {'start': '26.640', 'end': '34.000', 'text': 'six US retail locations for eyeball'}, {'start': '29.599', 'end': '37.200', 'text': 'scans in Austin, Atlanta, Los Angeles,'}, {'start': '34.000', 'end': '39.760', 'text': 'Nashville, Miami, and San Francisco.'}, {'start': '37.200', 'end': '42.559', 'text': 'Your company is well known for the Orb,'}, {'start': '39.760', 'end': '45.120', 'text': 'which is this spherical device that'}, {'start': '42.559', 'end': '48.480', 'text': 'captures your biometric data data. It'}, {'start': '45.120', 'end': '51.280', 'text': 'scans your face, iris, and then uh'}, {'start': '48.480', 'end': '52.879', 'text': 'stores your unique identity to verify'}, {'start': '51.280', 'end': '56.079', 'text': "that you're human. So tell us a bit"}, {'start': '52.879', 'end': '58.239', 'text': 'about this new development and what has'}, {'start': '56.079', 'end': '61.280', 'text': 'been the reception.'}, {'start': '58.239', 'end': '62.800', 'text': 'Of course. So and to be clear um at a'}, {'start': '61.280', 'end': '64.640', 'text': 'high level world is a network of real'}, {'start': '62.800', 'end': '67.040', 'text': 'humans. And one of the really cool'}, {'start': '64.640', 'end': '68.560', 'text': 'things is that while we use biometrics'}, {'start': '67.040', 'end': '70.080', 'text': 'to verify whether someone is a real'}, {'start': '68.560', 'end': '73.040', 'text': "human or not. We actually don't store"}, {'start': '70.080', 'end': '74.560', 'text': 'any of that. So when you visit an orb um'}, {'start': '73.040', 'end': '75.840', 'text': "the orb looks at your face. It's able to"}, {'start': '74.560', 'end': '77.200', 'text': "make sure that you're a real human or"}, {'start': '75.840', 'end': '79.360', 'text': 'not. And it actually sends all of that'}, {'start': '77.200', 'end': '81.680', 'text': 'data to your personal device and deletes'}, {'start': '79.360', 'end': '84.479', 'text': 'it entirely. And so we do not get any'}, {'start': '81.680', 'end': '86.159', 'text': 'personal data from you. Um, now world'}, {'start': '84.479', 'end': '87.920', 'text': 'started almost five years ago, actually'}, {'start': '86.159', 'end': '90.080', 'text': 'a couple of weeks away from here in San'}, {'start': '87.920', 'end': '92.880', 'text': 'Francisco, but for the past few years,'}, {'start': '90.080', 'end': '94.720', 'text': "we've had to focus on Europe, Latin"}, {'start': '92.880', 'end': '96.240', 'text': 'America, and most recently Asia. And so'}, {'start': '94.720', 'end': '98.400', 'text': "now we're very excited to finally bring"}, {'start': '96.240', 'end': '101.840', 'text': 'this project home and to launch it here'}, {'start': '98.400', 'end': '105.040', 'text': 'with big brands like Tinder and Match'}, {'start': '101.840', 'end': '107.439', 'text': 'and uh Visa and Circle and Stripe. Uh, a'}, {'start': '105.040', 'end': '110.600', 'text': 'huge ecosystem that will be taking the'}, {'start': '107.439', 'end': '113.680', 'text': 'the project forward. Tinder has a photo'}, {'start': '110.600', 'end': '116.880', 'text': 'verification to uh show the matches that'}, {'start': '113.680', 'end': '119.680', 'text': 'you really look like your your photos.'}, {'start': '116.880', 'end': '122.240', 'text': 'And in this pilot program, are they'}, {'start': '119.680', 'end': '124.479', 'text': 'trying to do something similar to stop'}, {'start': '122.240', 'end': '127.200', 'text': 'catfishing or are they trying to'}, {'start': '124.479', 'end': '128.959', 'text': 'identify what the matches are and that'}, {'start': '127.200', 'end': '131.200', 'text': 'they are in fact real people to solve'}, {'start': '128.959', 'end': '133.120', 'text': 'these scam bot issues? I am on dating'}, {'start': '131.200', 'end': '135.120', 'text': 'apps and like every week or every two'}, {'start': '133.120', 'end': '136.239', 'text': "weeks I'll see something where like"}, {'start': '135.120', 'end': '138.560', 'text': 'eventually I\'m like, "Oh, wait, that\'s'}, {'start': '136.239', 'end': '140.959', 'text': 'an AI, right?" And uh and this is a very'}, {'start': '138.560', 'end': '142.720', 'text': 'real problem both for users and for the'}, {'start': '140.959', 'end': '144.239', 'text': 'platforms. They want to have a via safe'}, {'start': '142.720', 'end': '145.680', 'text': 'space. And so yesterday we announced a'}, {'start': '144.239', 'end': '147.440', 'text': 'new partnership with match group which'}, {'start': '145.680', 'end': '150.480', 'text': 'is a company that owns applications like'}, {'start': '147.440', 'end': '152.560', 'text': 'Hinge and Tinder uh and many more uh for'}, {'start': '150.480', 'end': '154.319', 'text': 'and they will begin a pilot using world'}, {'start': '152.560', 'end': '156.160', 'text': 'ID precisely to prevent this problem so'}, {'start': '154.319', 'end': '158.319', 'text': "that you can have a trust that you're"}, {'start': '156.160', 'end': '159.840', 'text': 'talking with a real human uh and the'}, {'start': '158.319', 'end': '161.920', 'text': 'cool thing is they will be able to do'}, {'start': '159.840', 'end': '164.000', 'text': 'that without learning anything about you'}, {'start': '161.920', 'end': '165.760', 'text': 'because world ID is anonymous. So the'}, {'start': '164.000', 'end': '167.280', 'text': 'way you can think about it is basically'}, {'start': '165.760', 'end': '169.040', 'text': 'verified humans will have a blue check'}, {'start': '167.280', 'end': '171.040', 'text': 'mark on their profile that says nothing'}, {'start': '169.040', 'end': '174.080', 'text': 'more about them other than this a'}, {'start': '171.040', 'end': '176.080', 'text': 'verified and real human.'}, {'start': '174.080', 'end': '177.840', 'text': 'Does it also help with the catfishing? I'}, {'start': '176.080', 'end': '181.040', 'text': 'mean because you have an actual real'}, {'start': '177.840', 'end': '183.440', 'text': 'face. So you can match your photo with'}, {'start': '181.040', 'end': '185.440', 'text': 'uh your actual identity. Exactly. Yes.'}, {'start': '183.440', 'end': '187.680', 'text': 'We have a protocol world ID deepphase'}, {'start': '185.440', 'end': '189.920', 'text': 'which allows precisely for that where'}, {'start': '187.680', 'end': '192.239', 'text': 'you can do verify profile pictures or'}, {'start': '189.920', 'end': '194.400', 'text': 'verify pictures in general where you can'}, {'start': '192.239', 'end': '195.920', 'text': 'know that that picture actually belongs'}, {'start': '194.400', 'end': '197.920', 'text': "to the person that you're that you're"}, {'start': '195.920', 'end': '200.000', 'text': 'talking to. You announced another'}, {'start': '197.920', 'end': '202.000', 'text': 'high-profile partnership with Visa. Tell'}, {'start': '200.000', 'end': '203.920', 'text': 'us a bit about more about this'}, {'start': '202.000', 'end': '206.640', 'text': 'partnership.'}, {'start': '203.920', 'end': '208.319', 'text': 'Yes. So generally world is an identity'}, {'start': '206.640', 'end': '209.760', 'text': 'and a financial network because we think'}, {'start': '208.319', 'end': '212.799', 'text': 'those are the tools that are needed in a'}, {'start': '209.760', 'end': '213.920', 'text': 'postagi world. And so we historically'}, {'start': '212.799', 'end': '216.080', 'text': 'have talked a lot about the identity'}, {'start': '213.920', 'end': '217.840', 'text': 'side of things, but yesterday we did a'}, {'start': '216.080', 'end': '219.760', 'text': 'number of announcements on the finance'}, {'start': '217.840', 'end': '221.920', 'text': 'side of things to bring our vision of'}, {'start': '219.760', 'end': '223.360', 'text': 'what post Asgi finance looks like. And'}, {'start': '221.920', 'end': '224.799', 'text': 'one of our most important partners is'}, {'start': '223.360', 'end': '226.480', 'text': 'Visa. And so we announced a new product'}, {'start': '224.799', 'end': '228.159', 'text': 'called the world card which will allow'}, {'start': '226.480', 'end': '230.560', 'text': 'you to spend currencies from all over'}, {'start': '228.159', 'end': '233.040', 'text': 'the world using just one card on any'}, {'start': '230.560', 'end': '234.640', 'text': "Visa retail location. We're very excited"}, {'start': '233.040', 'end': '236.879', 'text': 'for that partnership and for everything'}, {'start': '234.640', 'end': '238.720', 'text': 'that will come uh even beyond just a'}, {'start': '236.879', 'end': '240.560', 'text': 'card.'}, {'start': '238.720', 'end': '243.680', 'text': 'Now looking at the current market cap of'}, {'start': '240.560', 'end': '246.319', 'text': "Worldcoin, it's about $1.4 billion."}, {'start': '243.680', 'end': '248.560', 'text': 'World is releasing WLD tokens in the'}, {'start': '246.319', 'end': '251.200', 'text': 'United States to users who establish'}, {'start': '248.560', 'end': '254.239', 'text': 'World IDs. What can they do with World'}, {'start': '251.200', 'end': '257.840', 'text': 'Coins? What practical benefits do these'}, {'start': '254.239', 'end': '259.919', 'text': 'coins and world ID offer?'}, {'start': '257.840', 'end': '261.759', 'text': 'Yeah. So the way to think about the'}, {'start': '259.919', 'end': '264.240', 'text': 'World Coin token or one of the simplest'}, {'start': '261.759', 'end': '265.759', 'text': 'ways to think about it is its ownership'}, {'start': '264.240', 'end': '267.280', 'text': 'of the network, right? We believe that'}, {'start': '265.759', 'end': '269.040', 'text': 'something like world is so important and'}, {'start': '267.280', 'end': '271.280', 'text': 'such fundamental infrastructure for the'}, {'start': '269.040', 'end': '273.120', 'text': "world that it shouldn't be owned by one"}, {'start': '271.280', 'end': '276.160', 'text': 'person or one company. It should be a'}, {'start': '273.120', 'end': '278.960', 'text': 'decentralized uh open protocol owned by'}, {'start': '276.160', 'end': '280.639', 'text': 'the community. And so when you verify'}, {'start': '278.960', 'end': '282.000', 'text': 'when you join the network, one of the'}, {'start': '280.639', 'end': '284.080', 'text': "things you're able to do is you're able"}, {'start': '282.000', 'end': '286.080', 'text': 'to claim a little piece of ownership. Uh'}, {'start': '284.080', 'end': '287.120', 'text': 'we require world ID for that because'}, {'start': '286.080', 'end': '289.120', 'text': "that's how we make sure that people"}, {'start': '287.120', 'end': '291.360', 'text': "don't claim it multiple times, right? Uh"}, {'start': '289.120', 'end': '292.960', 'text': 'and so ironically by uh we use the'}, {'start': '291.360', 'end': '295.440', 'text': 'product itself to make sure that people'}, {'start': '292.960', 'end': '297.199', 'text': 'do not cheat in the system. And so'}, {'start': '295.440', 'end': '298.960', 'text': 'claiming your share of worldcoin is one'}, {'start': '297.199', 'end': '301.360', 'text': 'of hundreds of things you can do with'}, {'start': '298.960', 'end': '304.080', 'text': 'your ID.'}, {'start': '301.360', 'end': '306.560', 'text': 'And what steps is world taking to scale'}, {'start': '304.080', 'end': '309.520', 'text': 'from 12 million verified users to the'}, {'start': '306.560', 'end': '311.199', 'text': 'goal of 1 billion. And how will you'}, {'start': '309.520', 'end': '313.680', 'text': 'address adoption challenges in the'}, {'start': '311.199', 'end': '316.960', 'text': 'United States market?'}, {'start': '313.680', 'end': '318.720', 'text': 'Yes. So we have a very aggressive um'}, {'start': '316.960', 'end': '320.160', 'text': 'deployment plan for the United States.'}, {'start': '318.720', 'end': '322.800', 'text': "We're going to be deploying more than"}, {'start': '320.160', 'end': '324.639', 'text': '7,000 orbs in the country over the next'}, {'start': '322.800', 'end': '326.800', 'text': "year. Uh and so there's two things that"}, {'start': '324.639', 'end': '329.120', 'text': "we're doing to scale over the next 12"}, {'start': '326.800', 'end': '330.880', 'text': 'months. We have a new version of the orb'}, {'start': '329.120', 'end': '332.880', 'text': 'uh that is starting production right now'}, {'start': '330.880', 'end': '337.600', 'text': "and we'll actually be manufacturing some"}, {'start': '332.880', 'end': '340.639', 'text': 'of those in um in Texas. Um and so those'}, {'start': '337.600', 'end': '342.560', 'text': 'new orbs uh have a special feature that'}, {'start': '340.639', 'end': '344.320', 'text': 'we call self-s serve, which means that'}, {'start': '342.560', 'end': '345.520', 'text': 'that new orb is able to connect directly'}, {'start': '344.320', 'end': '347.360', 'text': 'with your phone and guide you through'}, {'start': '345.520', 'end': '349.039', 'text': 'the verification process. What that'}, {'start': '347.360', 'end': '352.160', 'text': 'allows is that we will now be able to'}, {'start': '349.039', 'end': '355.199', 'text': 'set up orbs all over the place uh the'}, {'start': '352.160', 'end': '358.000', 'text': 'city things like cafes, malls, shopping'}, {'start': '355.199', 'end': '359.520', 'text': 'centers, uh just convenience stores so'}, {'start': '358.000', 'end': '361.680', 'text': 'that people can just walk up to it and'}, {'start': '359.520', 'end': '363.759', 'text': 'themselves u verify and so that will'}, {'start': '361.680', 'end': '366.000', 'text': 'enable us to deploy a lot more around'}, {'start': '363.759', 'end': '368.080', 'text': "the country. Uh and we think we'll get"}, {'start': '366.000', 'end': '371.039', 'text': 'to a couple hundred million people with'}, {'start': '368.080', 'end': '372.400', 'text': 'that. Now like you say world uh the goal'}, {'start': '371.039', 'end': '373.759', 'text': "isn't to have a couple hundred million"}, {'start': '372.400', 'end': '374.800', 'text': 'people but to have billions of people.'}, {'start': '373.759', 'end': '376.720', 'text': "And so we're already thinking about"}, {'start': '374.800', 'end': '378.720', 'text': "what's next. And yesterday we gave a"}, {'start': '376.720', 'end': '381.919', 'text': 'preview of our next generation device'}, {'start': '378.720', 'end': '383.360', 'text': 'called the Orb Mini, which uh is very'}, {'start': '381.919', 'end': '386.319', 'text': "cute and it's it looks like a phone and"}, {'start': '383.360', 'end': '388.479', 'text': 'it has a very cute um uh facade to it'}, {'start': '386.319', 'end': '389.680', 'text': 'that actually fits in your pocket. And'}, {'start': '388.479', 'end': '391.000', 'text': 'instead of being a couple thousand'}, {'start': '389.680', 'end': '393.759', 'text': "dollars, it'll probably be a couple"}, {'start': '391.000', 'end': '396.560', 'text': "hundred. And so we're already working on"}, {'start': '393.759', 'end': '398.080', 'text': 'that in parallel so that uh at some'}, {'start': '396.560', 'end': '400.240', 'text': 'point next year we will start shipping'}, {'start': '398.080', 'end': '403.440', 'text': 'those devices. Now you mentioned that'}, {'start': '400.240', 'end': '406.479', 'text': "world doesn't own the data that you scan"}, {'start': '403.440', 'end': '408.960', 'text': 'from your iris or face and such. Can'}, {'start': '406.479', 'end': '411.759', 'text': 'people ever retrieve their data or or'}, {'start': '408.960', 'end': '414.479', 'text': 'delete it if need be?'}, {'start': '411.759', 'end': '416.639', 'text': 'Yes. So your data is stored only on your'}, {'start': '414.479', 'end': '419.759', 'text': 'personal device. And so the way it works'}, {'start': '416.639', 'end': '422.560', 'text': 'is when you visit an orb um it has a'}, {'start': '419.759', 'end': '424.880', 'text': 'very advanced Nvidia chip inside of it.'}, {'start': '422.560', 'end': '426.479', 'text': 'What that allows is it runs about 10'}, {'start': '424.880', 'end': '429.199', 'text': 'different neural networks on the device.'}, {'start': '426.479', 'end': '431.199', 'text': 'And that is how we check that you are'}, {'start': '429.199', 'end': '433.160', 'text': 'indeed a human without your data having'}, {'start': '431.199', 'end': '435.759', 'text': 'to leave. And when the orb has done that'}, {'start': '433.160', 'end': '437.759', 'text': 'verification, it takes that data and it'}, {'start': '435.759', 'end': '439.199', 'text': 'sends it to your phone so that only you'}, {'start': '437.759', 'end': '440.720', 'text': "have access to it. It's deleted from the"}, {'start': '439.199', 'end': '441.919', 'text': "orb. And once it's on your phone, you"}, {'start': '440.720', 'end': '443.680', 'text': 'can do whatever you want with it. You'}, {'start': '441.919', 'end': '445.840', 'text': 'can back it up to a cloud service. You'}, {'start': '443.680', 'end': '447.599', 'text': 'can delete it. Um or you can just hold'}, {'start': '445.840', 'end': '449.759', 'text': "it to continue using your ID. But it's"}, {'start': '447.599', 'end': '451.680', 'text': 'entirely on your control. Neither tools'}, {'start': '449.759', 'end': '453.599', 'text': 'for humanity, nor the world foundation'}, {'start': '451.680', 'end': '455.759', 'text': 'or any of the apps that integrate with'}, {'start': '453.599', 'end': '458.400', 'text': 'world ID have visibility into that. In'}, {'start': '455.759', 'end': '460.000', 'text': 'addition to that, world ID uses very'}, {'start': '458.400', 'end': '463.440', 'text': 'advanced cryptography on two different'}, {'start': '460.000', 'end': '466.000', 'text': 'points um of the life cycle. One is when'}, {'start': '463.440', 'end': '467.360', 'text': 'you are verifying for the first time, we'}, {'start': '466.000', 'end': '469.919', 'text': 'use something called anonymized'}, {'start': '467.360', 'end': '472.560', 'text': 'multi-party compute. Uh that as the name'}, {'start': '469.919', 'end': '474.560', 'text': 'sounds, it anonymizes you and then every'}, {'start': '472.560', 'end': '475.919', 'text': 'time you use your world ID, we also use'}, {'start': '474.560', 'end': '477.440', 'text': 'something called zero knowledge proofs'}, {'start': '475.919', 'end': '480.479', 'text': 'which people in crypto are very familiar'}, {'start': '477.440', 'end': '482.800', 'text': 'with. uh that also anonymizes your usage'}, {'start': '480.479', 'end': '484.639', 'text': 'of that ID and so there is no data that'}, {'start': '482.800', 'end': '487.680', 'text': 'we store and you get anonymize both at'}, {'start': '484.639', 'end': '489.599', 'text': 'the verification and at the credential'}, {'start': '487.680', 'end': '492.319', 'text': 'presentation moment every single time'}, {'start': '489.599', 'end': '493.919', 'text': 'and so uh it is not just private it is'}, {'start': '492.319', 'end': '495.440', 'text': 'by far one of the most private things'}, {'start': '493.919', 'end': '498.080', 'text': "you've ever used in your life much more"}, {'start': '495.440', 'end': '499.919', 'text': 'than any social network'}, {'start': '498.080', 'end': '501.599', 'text': 'and in terms of the timing of launching'}, {'start': '499.919', 'end': '503.680', 'text': 'in the United States why now is it'}, {'start': '501.599', 'end': '506.400', 'text': 'because of the Trump administration'}, {'start': '503.680', 'end': '509.440', 'text': 'being more friendly and more accepting'}, {'start': '506.400', 'end': '511.280', 'text': 'of crypto policy'}, {'start': '509.440', 'end': '513.120', 'text': "So there's many things that has led us"}, {'start': '511.280', 'end': '515.120', 'text': 'to launch in the US. Certainly one of'}, {'start': '513.120', 'end': '517.680', 'text': 'them is increased regulatory clarity'}, {'start': '515.120', 'end': '519.519', 'text': "that we're now able to get. Generally we"}, {'start': '517.680', 'end': '521.360', 'text': 'think uh these are very important'}, {'start': '519.519', 'end': '522.959', 'text': 'project and we like to take the long'}, {'start': '521.360', 'end': '524.560', 'text': "view. So, we're very conservative when"}, {'start': '522.959', 'end': '527.920', 'text': 'it comes to regulation around the world,'}, {'start': '524.560', 'end': '530.000', 'text': "whether it's on privacy uh or on the um"}, {'start': '527.920', 'end': '532.320', 'text': 'on the crypto side of things. And so,'}, {'start': '530.000', 'end': '534.080', 'text': 'now that uh the rules of the game are a'}, {'start': '532.320', 'end': '535.920', 'text': 'little bit more clear, uh and we know we'}, {'start': '534.080', 'end': '537.519', 'text': "can play by those uh that's definitely a"}, {'start': '535.920', 'end': '539.200', 'text': 'factor in the project finally being able'}, {'start': '537.519', 'end': '541.440', 'text': 'to come to the United States, which'}, {'start': '539.200', 'end': '544.240', 'text': "we're very excited about. All right,"}, {'start': '541.440', 'end': '547.880', 'text': 'Thiago, thanks so much for joining us.'}, {'start': '544.240', 'end': '547.880', 'text': 'Thank you very much, Christine.'}]