OpenAI files for IPO amid layoffs at Altman's company

Sam Altman's identity verification company, Tools for Humanity, is reportedly facing financial difficulties and significant staff reductions. This news emerges as OpenAI, another venture co-founded by Altman, is reportedly preparing for an initial public offering. The company's struggle to generate revenue raises questions about its long-term viability and the broader financial health of Altman's ventures. The juxtaposition of OpenAI's IPO ambitions with the challenges at Tools for Humanity highlights the volatile nature of the AI startup landscape.