Joey Bertschler, a former employee of Openai, is building a crypto wage access system through his new start, Volante chain.
In an interview with Cointelegraph at German Blockchain & Ai Week, Bertschler said he had previously worked in Openai before the launch of ChatGPT, which helps business customers use AI tools. He eventually decided to move to the industries and focus on financial technology, creating a blockchain-based platform that enables the same access to wages for employees.
The Volante allows employees to participating companies to pay for their sunny wages on the same day, rather than wait until the end of the month. Bertschler described the current standard as “30 days of removing your freedom, choosing what to do with your money,” especially for living salaries to pay.
The platform uses the blockchain to enable seamless record precautions on a verified ledger and reduce costs, allowing low fees, he said.
Volante uses artificial intelligence to help predict employer defaults and assess real time risk. Bertschler described the system as a hybrid: partial AI-driven by human administration and some legal reviews. He said AI was used for the discovery pattern and decision -making support, but not fully autonomy. “There are also semi-automatic-some lawyers involved, some human administration,” he said.
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Bertschler told Cointelegraph that Volante raised nearly $ 2 million to private investors. With this funding, he hopes the company can run for nearly five years without the need for additional capital injections due to the company’s leadership.
He said Volante was “dumping several thousand test users in Vietnam and Japan,” with plans for expansion in the future. He said this was the minimum viable phase of the product for the company, comparing it to a closed beta.
From Openai to Crypto
Bertschler said his decision to leave Openai and the subsequent fintech pivot was the result of good offers from other companies and internal policies he did not appreciate. As a National Austrian, he claimed non -US employees who face limited advancement opportunities and are not included in stock choice plans.
“We were a bit stuck. We paid fair wages, but we didn’t get any stock choices, and we couldn’t really rise to our duties,” he said.
He added that the closed nature of the firm prevented workers from displaying their GitHub code, allowing for long-term employee growth:
“I wrote a lot of documentation. For example, my name is nothing. (…) You don’t have a portfolio to show for it, do you?”
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Openai is especially closed
Bertschler is critical in Openai’s current direction, which says the company has become more secret and driven by income from Microsoft’s involvement.
Bertschler admitted that Openai’s behavior was not suitable for its name, saying “You can completely call it Ai closed.” He added:
“Certainly against many founding principles.”
Reports may indicate that Microsoft – Top Financial Backer of Openai – is currently talking to AI Behemoth rearranging the investment deal.
Openai tried to rearrange to move its focus on making the income, but it was met Pushback from co-founders like Elon Musk and early investors.
In early May, Openai announced It has turned its back on a purely for-profit model and chooses to move to a public benefit to the public. This structure includes legal obligations to fulfill social or public goods goals and are controlled by a nonprofit creature.
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