Dossier
Tools for Humanity
Coverage of Tools for Humanity in the Nexus archive.
- As OpenAI files for IPO, Sam Altman’s eye-scanning company is doing layoffs, report says
OpenAI has filed for an IPO, while Sam Altman's identity verification company, Tools for Humanity, is reportedly struggling to generate revenue and will downsize its staff.
- Sam Altman's eye-scanning startup is laying off employees
Tools for Humanity, a startup co-founded by Sam Altman, is laying off employees amid struggles to generate revenue with its iris-scanning 'Orb' device. Despite a $2.5 billion valuation and backing from investors like Andreessen Horowitz, the company faces challenges in proving its technology's viability and regulatory acceptance.