As OpenAI files for IPO, Sam Altman’s eye-scanning company is doing layoffs, report says
OpenAI CEO Sam Altman's company Tools for Humanity is reportedly conducting layoffs despite a $2.5 billion valuation, as it struggles to create revenue from its iris-scanning technology. The company has faced regulatory and ethical concerns globally for its practice of offering cryptocurrency in exchange for biometric data. This news comes as OpenAI files for an IPO, marking a significant milestone for the AI industry.