On June 9, Business Insider reported that amid OpenAI's confidential application for listing, Tools for Humanity, an eye-scanning company co-founded by its CEO Sam Altman, is laying off staff. Despite being valued at $2.5 billion and having millions of registered users, the company has struggled to demonstrate that its iris-scanning device, the 'Orb,' can generate revenue and win regulatory approval, leading to the decision to lay off staff and adjust its strategy.
