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By
Nicole Einbinder
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Sam Altman's eye-scanning startup is laying off employees
Tools for Humanity has struggled to show how its iris-scanning "Orb" can generate revenue. Now it's laying off employees.
TL;DRAI
Altman's iris-scanning startup Tools for Humanity is laying off staff after failing to monetize $2.5B valuation and millions of users. The cuts reveal investor doubt about biometric identity ROI and long-term viability of consumer-facing crypto authentication.
766 words~3 min read
