- The price of Worldcoin (WLD) surged 25% to $2.40 after President Donald Trump announced a $500 billion AI investment initiative.
- The Stargate Project, backed by OpenAI, Oracle, and Softbank, will invest in AI infrastructure like data centers in Texas over the next four years.
The price of Worldcoin (WLD) surged 25% to $2.40 on Wednesday, leading gains in the crypto market following an announcement by President Donald Trump about a massive $500 billion AI initiative involving OpenAI.
During a press conference on Tuesday, Trump unveiled the "Stargate Project," a new entity set to invest heavily in AI infrastructure for OpenAI, the creator of ChatGPT. The investment, spanning the next four years, will fund projects like data centers in Texas, positioning the U.S. as a leader in AI innovation.
The Stargate Project’s equity investors include OpenAI, Oracle, and Softbank, while Microsoft and Nvidia have been named as technology partners.
“This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit[s] for the entire world,” said Stargate in a joint press release.
While the announcement did not directly reference the World project, Sam Altman’s Worldcoin saw a significant market response. The project, launched in 2023, uses biometric data and cryptography for digital identification. On Wednesday, Worldcoin’s market cap exceeded $2.2 billion as traders rallied behind AI-related tokens.
Other gainers included Virtuals, whose VIRTUAL token rose 20% to $3.06. “The $500 billion could translate into investments that supercharge crypto and AI synergies, helping America become the dominant leader in these two critical technologies,” said Bitwise Senior Investment Strategist Juan Leon.
The announcement also energized traditional markets, with Nvidia’s stock climbing 3.6% to $146 and Oracle’s rising 6% to $183.
Edited by Harshajit Sarmah
