Sam Altman's identity verification startup Tools for Humanity, known for its Worldcoin project, is reportedly conducting layoffs due to revenue challenges. The news comes as Altman's other major venture, OpenAI, is preparing for its IPO. The contrast highlights the different trajectories of Altman's various business interests.
Background
Tools for Humanity is the company behind Worldcoin, a cryptocurrency project that uses iris-scanning technology for identity verification. Sam Altman is a co-founder of both OpenAI and Tools for Humanity, though the companies operate independently.
- Source
- TechCrunch
- Published
- Jun 9, 2026 at 06:41 AM
- Score
- 5.0 / 10