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Sam Altman takes his ‘io’ trademark battle public
The Verge
·
1m ago
Medial
OpenAI CEO Sam Altman is publicly addressing a trademark lawsuit from Iyo over both companies' devices' "io" branding. Altman shared emails with Iyo's founder, Jason Rugolo, showing a previous friendly communication but highlighting a dispute over product names. Altman criticized the lawsuit, deeming it unfounded. Iyo alleged OpenAI's purchase of a similar device infringes on their trademark. The court granted Iyo a restraining order against using the "io" branding.
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OpenAI CEO calls IYO’s trademark lawsuit ‘silly, disappointing and wrong’ - The Economic Times
Economic Times
·
1m ago
Medial
OpenAI CEO Sam Altman criticized a lawsuit by hardware startup IYO over trademark infringement, calling it "silly, disappointing, and wrong." IYO alleged that OpenAI's acquisition of io, an AI startup led by Jony Ive, infringes on its trademark due to name similarity. Altman shared emails by IYO’s CEO seeking investment from OpenAI, suggesting the lawsuit was a reaction to unfulfilled acquisition desires. A US court allowed the case to proceed in October.
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OpenAI and Jony Ive’s ‘io’ brand has vanished, but their AI hardware deal remains
The Verge
·
1m ago
Medial
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.
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A glimpse into Sam Altman's 2-hour-long bid to look like the saner, less chaotic foil to Elon Musk
Business Insider
·
1y ago
Medial
OpenAI CEO, Sam Altman, gave a two-hour interview with podcaster Lex Fridman, where he discussed artificial general intelligence, his ouster from OpenAI, and Elon Musk's lawsuit against him. Altman took a conciliatory tone and praised Musk, calling him an "amazing" and a "great builder." The contrast between Altman and Musk's public personas was highlighted as Musk's recent interview with Don Lemon drew controversy due to his odd explanation of his ketamine use and his views on racism. Altman and Musk are currently engaged in a legal battle over OpenAI's partnership with Microsoft.
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OpenAI in talks to acquire Jony Ive’s AI startup for $500M
YourStory
·
4m ago
Medial
OpenAI is in discussions to acquire io Products, an AI hardware startup co-founded by Jony Ive and Sam Altman, potentially for over $500 million. Io Products is developing AI-enabled consumer devices like a screenless phone. The acquisition would allow OpenAI to expand its revenue sources beyond its current offerings. Additionally, OpenAI is exploring partnerships with io Products, which includes former Apple designers. The startup has attracted investments, including backing from Laurene Powell Jobs.
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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
·
2m ago
Medial
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.
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AI device startup that sued OpenAI and Jony Ive is now suing its own ex-employee over trade secrets - The Economic Times
Economic Times
·
28d ago
Medial
A legal battle unfolds as tech startup iyO Inc. sues OpenAI and Jony Ive over trademark infringement and a former employee for leaking trade secrets. The dispute centers on innovative AI interfaces, a lucrative frontier. OpenAI acquired io Products for $6.5 billion, sparking the conflict. A judge allowed the case to progress, ordering temporary brand suspension. Accusations extend to IyO’s ex-executive Dan Sargent for meeting with io's co-founder, further complicating the scenario.
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OpenAI pulls promotional materials around Jony Ive deal due to court order | TechCrunch
TechCrunch
·
1m ago
Medial
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.
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Elon Musk vs. Sam Altman: One is clearly winning the nastiest battle in tech
Business Insider
·
1y ago
Medial
Elon Musk's ongoing feud with OpenAI CEO Sam Altman has garnered significant attention. Musk recently filed a lawsuit against OpenAI, accusing the company of breaching their founding agreement. PR experts believe that Musk has the upper hand in the court of public opinion due to his influential reputation and prior controversy. Altman and OpenAI, on the other hand, are seen as having more to lose in this battle. Despite legal experts suggesting Musk's lawsuit may be dismissed, it has allowed him to gain media attention and position his own rival AI startup, xAI, as a major player in the market. The clash between the two high-profile CEOs has put OpenAI under scrutiny and raised concerns about disruptions to the company. While some experts argue that Musk's actions portray him in a negative light, Altman has managed to handle the situation diplomatically, which has garnered him positive attention. The public release of personal emails by OpenAI indicates their determination to fight back against Musk's claims.
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How much Sam Altman stands to gain from a Reddit IPO
Business Insider
·
1y ago
Medial
Reddit is set to go public, and OpenAI CEO Sam Altman stands to make a significant profit. Altman owns approximately 1.66 million shares of Reddit, with an estimated worth between $51.4 million and $56.4 million. Altman's ownership is affiliated with his investment vehicles and funds, such as Hydrazine Capital II. Altman has a long history as an investor, having made over 155 investments since 2010, including his investment in Reddit back in 2014. Altman expressed his long-time usage and connection with Reddit, being one of its early users.
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OpenAI’s next big bet won’t be a wearable: report | TechCrunch
TechCrunch
·
2m ago
Medial
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.
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