Sam Altman’s biometric identity company Tools for Humanity, the firm behind the eye-scanning Worldcoin project, has conducted layoffs, according to reports. The cuts come as Altman’s other major venture, OpenAI, files for an initial public offering. Tools for Humanity has faced ongoing challenges including revenue struggles and regulatory scrutiny over its iris-scanning data collection practices. The simultaneous developments highlight the contrasting fortunes of Altman’s two high-profile technology ventures as both navigate uncertain financial and legal landscapes.
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