Jony Ive Teams Up with Sam Altman for AI Venture, Eyes $1B Funding
April 8, 2024Jony Ive, the former Apple design icon, and Sam Altman, the founder of OpenAI, are working together to raise $1 billion for a new AI-centric consumer product.
Investors involved in discussions include Thrive Capital, Emerson Collective, and SoftBank's Masayoshi Son, who proposes a key role for ARM in the initiative.
The project aims to create a product that could become the 'iPhone of AI' by integrating artificial intelligence into daily life.
Ive's design firm, LoveFrom, has recruited over twenty of Apple's former top designers, and Tang Tan, ex-iPhone and Watch design chief at Apple, will lead hardware design for the new venture.
Summary based on 8 sources
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Sources
Times Of India • Apr 7, 2024
OpenAI CEO Sam Altman and ex-Apple chief designer Jony Ive looks $1 billion for 'iPhone of AI'Android Authority • Apr 6, 2024
Humane AI Pin rival? Jony Ive's new AI device won't look like a phoneInteresting Engineering • Apr 7, 2024
Jony Ive and Sam Altman seek $1 billion for the "iPhone of AI" - Interesting Engineering