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Klarna CEO and Sutter Hill take victory lap after Jony Ive's OpenAI deal | TechCrunch

TechCrunch · 3m ago

Klarna CEO and Sutter Hill take victory lap after Jony Ive's OpenAI deal | TechCrunch

OpenAI acquired Jony Ive’s company, io, in a $6.5 billion all-stock deal, causing excitement among previous investors. Klarna CEO Sebastian Siemiatkowski announced that his investment firm, Flat Capital, had invested in io, and will now receive OpenAI shares, resulting in a substantial return. Similarly, Luke Wroblewski, a managing director at Sutter Hill Ventures, tweeted about their investment in io, indicating that Sutter was a significant investor before removing his posts. Other backers included Emerson Collective and Thrive Capital.

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

TechCrunch · 2m 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.

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

The Verge

The Verge · 2m 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.

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 · 2m 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.

TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like | TechCrunch

TechCrunch · 2m ago

TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like | TechCrunch

TechCrunch Mobility focuses on transportation innovation, highlighting partnerships and developments in EVs, AVs, and mobility services. Recently, Rivian collaborated with Jony Ive's firm, LoveFrom, integrating creative insights into EV design. Joby Aviation and Abdul Latif Jameel consider a distribution deal for 200 aircraft in Saudi Arabia, while Uber's management shifts emphasize autonomy and technological integration. Redwood Materials exited a costly DOE loan process, opting for private funding to further its EV battery endeavors. Various startups in AI, mobility, and logistics reveal dynamic advancements in the transportation sector.

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

The Verge

The Verge · 3m 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.

So, what are Jony Ive and OpenAI up to?

The Verge

The Verge · 3m ago

So, what are Jony Ive and OpenAI up to?

OpenAI and Jony Ive's first hardware collaboration has sparked various speculations from The Verge team. Suggestions include a speaker/projector combo, AI-enhanced earbuds, a robot dog, smart glasses, a levitating orb, a conversational bracelet, and a headphone product. The discussion highlights diverse expectations and creativity surrounding this mysterious project.

Sam Altman's partnership with Jony Ive furthers OpenAI's hardware ambitions

Economic Times

Economic Times · 3m ago

Sam Altman's partnership with Jony Ive furthers OpenAI's hardware ambitions

OpenAI has acquired Jony Ive's AI startup, io, for $6.5 billion, marking its entry into hardware. The collaboration aims to create AI-specific devices, enhancing OpenAI's integrated approach from AI model development to hardware. This move positions OpenAI against tech giants like Google, Microsoft, and Amazon, already advancing in vertically integrated AI solutions. Despite Apple's AI integration in products, it lags in AI-specific hardware, even partnering with OpenAI to enhance Siri amidst its struggles.

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.

OpenAI is buying Jony Ive’s AI hardware company

The Verge

The Verge · 3m ago

OpenAI is buying Jony Ive’s AI hardware company

OpenAI is acquiring Jony Ive’s AI hardware company, io, in a deal valued at nearly $6.5 billion. Around 55 employees, including notable former Apple engineers, will join OpenAI. Jony Ive’s design firm, LoveFrom, will lead design for OpenAI’s software but will remain independent. The partnership aims to innovate technology that could reshape the landscape. The first products from this collaboration are expected in 2026, introducing novel concepts rather than competing directly with existing tech.

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