Yesterday, OpenAI’s new AI models codenamed “OpenAI o1” and “OpenAI o1-mini” were grandly launched, which triggered excitement among fans of the AI firm and gave its token, Worldcoin (WLD), a strong boost of 16%. However, the token prices stabilized at a 9.5% gain.
These new AI models are touted to “think before responding,” have complex thinking capabilities, and
Reason through complex tasks and solve harder problems than previous models in science, programming, and mathematics.
OpenAI Announced The Launch Of Two New AI Models – “OpenAI o1” and “OpenAI o1-mini”
On Thursday, September 12, 2024, OpenAI announced the launch of its new AI models, ‘OpenAI o1’ and ‘OpenAI o1-mini,’ with complex thinking capabilities and the ability to handle more complicated science, coding, and mathematics problems.
According to the announcement, the OpenAI o1-mini is a smaller but more efficient version that lacks a wide-ranging world knowledge but maintains similar capabilities as OpenAI o1 in coding and math. The OpenAI o1-mini also generates results at reduced time and cost.
Despite its size, the OpenAI o1-mini proved to surpass the GPT-4o in terms of capabilities in various critical areas, such as PhD-level science, programming, and mathematics.
Also, the new models feature improved safety in their operations compared to GPT-4o. When compared with GPT-4o, OpenAI o1 scored higher in many safety benchmarks.
However, while OpenAI o1 performed better in areas such as mathematics, data analysis, and programming, its improvements are less pronounced in creative writing domains like personal writing and editing text.
The Launch Of “OpenAI o1” and “OpenAI o1-mini” Triggered An Increase In Worldcoin (WLD) by 16%
Following the release of OpenAI’s new AI models, the price of Worldcoin (WLD), the digital token for Sam Altman’s eyeball-scanning project that uses iris biometrics for privacy preservation, has jumped up significantly by 16% as hype grows for AI.
The value of WLD soared as high as $1.615, rising about 16% following the buzz surrounding the announcement. However, the Worldcoin token (WLD) was trading for $1.48 at press time, having stabilized at a price increase of 9.5%.
WLD experienced such a significant increase in price, particularly notably because both Worldcoin and OpenAI are cp-founded by Sam Altman.
Worldcoin And Controversies
Regardless of this affiliation, Worldcoin has constantly been facing controversies in the crypto community due to its tokenomics, which strongly favors insiders, making investors feel that the WLD tokens are tightly controlled and possibly have little or no monetary value.
Currently, only 434M of WLD tokens are in circulation out of a total supply of 10B.
Apart from issues with its tokenomics, Worldcoin has faced several data privacy issues with different countries that ordered the project to halt operations due to the violation of data privacy laws.
