Openai is reportedly exploring potential acquisitions of an AI startup co-founded by Apple’s design head Jony Ive and Openai CEO Sam Altman. Based on this deal, it could exceed $500 million information.
The joint venture, called IO Products, is developing a range of AI-powered technologies, including screenless phone concepts and smart home devices, the publication says. However, the company denied that it was developing a phone.
The tightly protected AI hardware plan first reported New York Times September. Ive (known for designing iPhones, iPads and other iconic Apple products) said he is working with Altman to create a new AI-drien computing device for Altman that aims to be “more socially destructive than iPhones.”
Although there are few details about the device, Ive and Altman have it It is reportedly ensured The legacy of Apple co-founder Steve Jobs, including Laurene Powell Jobs, including early support from Laurene Powell Jobs. According to the New York Times, by the end of last year, the funding is expected to reach $1 billion.
In addition to the acquisition negotiations, Chatgpt Maker Openai is said to be exploring strategic partnerships with the joint venture. If an agreement is reached, OpenAI will gain access to the basic technology and core engineering teams.
Openai did not respond to a request for comment. As the AI voice assistant landscape grows, the report advances with OpenAI, Google, Meta and others competitions to advance its chatbot products. A deal can also tighten the integration of OpenAI with hardware players.
Ive’s design company Lovefrom (after he left Apple five years ago) pioneered the development of the device. The company was co-founded by Marc Newson, a major contributor to the Apple Watch, which included former Apple executives such as Tang Tan, who led the iPhone hardware design. Lovefrom fromfrom’s customer list includes brands such as Airbnb and Ferrari.
