# As OpenAI files for IPO, Sam Altman's eye-scanning company is doing layoffs, report says

> **Platform:** [SPIDITS AI](https://spidits.com/) — Real-Time AI News & Market Intelligence  
> **Published:** 2026-06-08T22:41:45.000Z  
> **Category:** PRODUCT_LAUNCH  
> **Impact Score:** 360/100  
> **Primary Source:** [TechCrunch AI](https://techcrunch.com/2026/06/08/following-anthropic-openai-files-confidentially-for-ipo)  
> **Canonical Citation:** [https://spidits.com/timeline/as-openai-files-for-ipo-sam-altmans-eye-scanning-company-is-doing-layoffs-report-says](https://spidits.com/timeline/as-openai-files-for-ipo-sam-altmans-eye-scanning-company-is-doing-layoffs-report-says)

## Executive Summary
Tools for Humanity, Sam Altman's identity verification company, is reportedly struggling to generate revenue and will downsize its staff.

## Why It Matters (Strategic Analysis)
OpenAI has filed confidentially for an initial public offering, seeking to go public amidst significant spending on AI research and data center infrastructure, with projected burns of $85 billion in 2028. The company's massive funding round of $122 billion in March will be largely allocated to computing power for AI research. This move signals a pivotal moment in the tech industry, with potential market implications for AI and cloud computing.

## Key Entities & Companies
- **OpenAI**
- **Anthropic**

## Referenced Coverage & Sources
- **[TechCrunch AI](https://techcrunch.com/2026/06/08/following-anthropic-openai-files-confidentially-for-ipo)**: OpenAI files confidentially for IPO, following Anthropic — _The filing comes a little more than a week after its main rival, Anthropic, also filed to go public, ramping up the race between the two AI firms._
- **[Wired](https://www.wired.com/story/openai-confidentially-files-for-ipo)**: OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic — _The ChatGPT-maker announced it has filed paperwork to go public, just a week after rival Anthropic took the same step._

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*Synthesized by SPIDITS AI Market Intelligence Desk. Track live AI news, model releases, and funding: [https://spidits.com](https://spidits.com)*