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Altman, Apple ex-designer Jony Ive's startup to raise $1 bn

Internet

Internet · 1y ago

Altman, Apple ex-designer Jony Ive's startup to raise $1 bn

An AI startup founded by OpenAI CEO Sam Altman and Apple's former Chief Design Officer Jony Ive is in talks to raise up to $1 billion, The Information reported. The startup has reportedly held discussions with SoftBank CEO Masayoshi Son, Emerson Collective and Thrive Capital. As per the report, the startup aims to make an AI-powered personal device.

Related News

Jony Ive Partners With OpenAI and Sam Altman in $6.4 Billion Deal to Develop AI Hardware Startup io Valued at $6.5 Billion | DeepNewz VC

deepnewz

deepnewz · 1m ago

Jony Ive Partners With OpenAI and Sam Altman in $6.4 Billion Deal to Develop AI Hardware Startup io Valued at $6.5 Billion | DeepNewz VC

Jony Ive's AI hardware startup, io, has been valued at $6.5 billion following an all-stock deal with OpenAI. This collaboration with OpenAI's Sam Altman is poised to be highly lucrative for Ive, the designer of the iPhone.

OpenAI, Jony Ive in talks to raise $1 billion from SoftBank for AI device venture: report

Economic Times

Economic Times · 1y ago

OpenAI, Jony Ive in talks to raise $1 billion from SoftBank for AI device venture: report

OpenAI, the creator of ChatGPT, is reportedly in advanced discussions with former Apple designer Jony Ive and SoftBank's Masayoshi Son to secure over $1 billion in funding to develop an "iPhone of artificial intelligence." Sam Altman, OpenAI's CEO, has enlisted Ive's company, LoveFrom, to work on the project. While discussions are serious, no formal deal has been reached, and it may be several months before an official announcement. The venture aims to combine talent and technology from all three groups. SoftBank and OpenAI have not commented on the report.

OpenAI’s next big bet won’t be a wearable: report | TechCrunch

TechCrunch · 2m ago

OpenAI’s next big bet won’t be a wearable: report | TechCrunch

OpenAI is reportedly developing a compact, screenless AI device, according to the Wall Street Journal. Unlike wearables, this device is designed to integrate seamlessly into daily life as an AI companion, described by CEO Sam Altman as a "third core device." This follows OpenAI's acquisition of startup io, founded by ex-Apple designer Jony Ive, for $6.5 billion. Altman believes this innovation could significantly increase the company’s market value, yet stresses the importance of secrecy.

We're getting closer to OpenAI's first device

Business Insider

Business Insider · 1y ago

We're getting closer to OpenAI's first device

Sam Altman and Jony Ive are reportedly working on OpenAI's first hardware device. Tang Tan, an Apple executive, has joined LoveFrom, Ive's design firm, to work on the hardware engineering of the new AI device, with OpenAI providing the software. The collaboration between Altman and Ive has sparked speculation about a potential AI device that could challenge the dominance of the iPhone. Altman has previously expressed that any AI hardware product he creates will not seek to replace the smartphone.

A Silicon Valley supergroup is coming together to create an AI device

Economic Times

Economic Times · 1y ago

A Silicon Valley supergroup is coming together to create an AI device

Sam Altman, founder of OpenAI, and Jony Ive, former Apple designer, are reportedly teaming up to develop a revolutionary AI device that could surpass smartphones. The device aims to leverage AI capabilities in a new form factor, potentially unconstrained by the conventional rectangular screen. Altman and Ive have already presented early concepts and sought funding of up to $1 billion from SoftBank. This partnership highlights the increasing impact of generative AI and the potential for "ambient computing" devices that can process real-time information and provide virtual assistance. The project could offer an alternative to relying on Apple or Google for distribution.

OpenAI pulls promotional materials around Jony Ive deal due to court order | TechCrunch

TechCrunch · 1m ago

OpenAI pulls promotional materials around Jony Ive deal due to court order | TechCrunch

OpenAI has removed promotional materials regarding its $6.5 billion deal to acquire designer Jony Ive's startup io due to a court order following a trademark complaint from iyO over the use of the name "io." OpenAI maintains that the deal is still on track and unaffected by the legal issue. The complaint arose from potential consumer confusion with iyO, a startup spun from Alphabet X, who also sued OpenAI over the trademark.

Apple is losing a design titan — the latest turnover in its post-Jony Ive era

Business Insider

Business Insider · 1y ago

Apple is losing a design titan — the latest turnover in its post-Jony Ive era

Bart Andre, a long-time Apple designer who worked under Jony Ive, is reportedly leaving the company after over 30 years. Andre was one of the last remaining members of Ive's design team and played a key role in the development of Apple's latest launch, the Apple Vision Pro. His departure follows a series of exits from the design team, including Ive himself in 2019. Some staffers are reportedly concerned about the design division being overseen by an operations executive and the team's limited ability to explore future product ideas.

What in the world are Jony Ive and Sam Altman building?

The Verge

The Verge · 2m ago

What in the world are Jony Ive and Sam Altman building?

OpenAI CEO Sam Altman announced the acquisition of Jony Ive's AI hardware startup for $6.5 billion, sparking speculation about a mysterious new device. Unlike current AI trends focusing on wearables like glasses, this product is described as a compact, screenless gadget meant to complement phones and laptops. Details remain secret, pointing to a new era in AI hardware development with innovative features, leaving the tech world guessing its potential impact.

OpenAI and Jony Ive’s ‘io’ brand has vanished, but their AI hardware deal remains

The Verge

The Verge · 1m ago

OpenAI has removed references to its collaboration with Jony Ive's hardware startup, io, from its platforms due to a trademark lawsuit from a hearing device company, Iyo. Despite this, OpenAI affirms their deal with io is still proceeding following their $6.5 billion acquisition plan for AI hardware development. The lawsuit has temporarily halted promotions, including an announcement post and a video featuring Ive and OpenAI CEO Sam Altman, pending resolution.

Ex-Apple designer Jony Ive, OpenAI's Sam Altman in talks for AI hardware: report

Economic Times

Economic Times · 1y ago

Ex-Apple designer Jony Ive, OpenAI's Sam Altman in talks for AI hardware: report

Former Apple design chief Jony Ive and OpenAI CEO Sam Altman are reportedly discussing the development of a new artificial intelligence (AI) hardware device. The details of the device are not disclosed yet, and it is uncertain whether they will proceed with its production. SoftBank CEO Masayoshi Son has also been involved in the discussions, although it is unclear if he will remain involved. Jony Ive played a vital role in Apple's design, including the iconic iMac and iPhone, before leaving the company in 2019. OpenAI has garnered significant success with its ChatGPT chatbot, attracting substantial investments from companies like Microsoft and Alphabet.

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