| |SEPTEMBER 20239TECH MINTWorldcoin, co-founded by OpenAI CEO Sam Altman, just unveiled its ground-breaking platform, requiring users to submit to iris scans in exchange for a digital ID and, in some locations, free bitcoin, in an effort to build a massive identity and financial network.The company estimates that 2.2 million customers have already signed up, mostly during a two-year trial period, in spite of worries from privacy campaigners. With a goal of enabling other organizations to use its cutting-edge iris-scanning and identity-verification technology, Worldcoin intends to expand its services globally.The Cayman Islands-based Worldcoin Foundation reaffirmed its dedication to upholding data protection regulations and working with government entities to address privacy issues. Worldcoin intends to make its digital identification system available to businesses, enabling a range of applications without collecting personal data. As an illustration, a coffee shop may employ Worldcoin's technology to guarantee that each customer only receives one free coffee.The goal of Tools for Humanity, the San Francisco and Berlin-based firm that created Worldcoin, was to create a sizable financial and identification community, according to Ricardo Macieira, General Manager for Europe. In May, venture capital investors like Blockchain Capital, a16z crypto, Bain Capital Crypto, and Distributed Global contributed a sizeable fundraising round of $115 million to the company.Macieira exclaims that Worldcoin would continue to roll out operations in Europe, Latin America, Africa and all the parts of the world that will accept us. Worldcoin's website outlines several potential applications, ranging from distinguishing humans from artificial intelligence to facilitating global democratic processes and even suggesting a potential path to universal basic income, though these outcomes are not guaranteed.Macieira clarified that while they aspire to contribute to universal basic income, their primary focus is on creating the necessary infrastructure for governments or other entities to implement such programs. Pinnacle Infotech Solutions, an Architectural Engineering and Construction (AEC) IT solutions industry player is planning to expand its workforce four-fold to 12,000 in six years, driven by the growing demand amid the threat of a slowdown in the developed markets.The Durgapur-based building information modelling (BIM) solutions firm, which is also involved in the new temple in Ayodhya, currently has 3,000 employees.The company has 12 state-of-the-art global delivery centres across the world. Its global delivery centres are located in the USA, Japan, India, Singapore, UK, UAE, Germany, and Canada. The international delivery centres in India are in Durgapur, Kolkata, Madurai, and Jaipur."The AEC industry is undergoing a digital transformation, and BIM is at the forefront of this transformation. We are seeing strong demand for our BIM solutions from clients around the world and we don't foresee any slowdown threat. The expansion of our global workforce will help us meet this demand and continue to be a leader in the BIM space," says Pinnacle Infotech chief executive Bimal Patwari."Driven by the growing demand for BIM solutions in the AEC industry, we are expanding as per our growth roadmap. We expect our employee strength to be 12,000 across the markets in six years," adds Patwari.The manpower expansion would primarily focus on India, as the company's business model revolves around providing BIM solutions to projects worldwide with its engineers and architects based in India.Patwari says, "The world-class complex in Madurai currently has over 900 employees and is actively working to hire 6,000+ engineers and architects by 2025, becoming one of the world's largest engineering and BIM services centres globally." WORLDCOIN LAUNCHES INNOVATIVE PLATFORM, FOR USERS TO UNDERGO IRIS SCANS IN EXCHANGE FOR A DIGITAL IDPINNACLE INFOTECH SOLUTIONS TO EXPAND ITS WORKFORCE FOUR-FOLD TO 12,000 IN SIX YEARS
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