From Contxto: 2024-04-06 17:58:58

Former Apple designer Jony Ive and OpenAI CEO Sam Altman are seeking up to $1 billion in funding for their AI device startup. The venture is in talks with major investors like Emerson Collective and Thrive Capital, with OpenAI possibly owning a stake in the company.

The new AI-powered personal device aims to offer unique features and is not a standard phone. Emerson Collective’s Laurene Powell Jobs, with ties to both Ive and Altman, and SoftBank CEO Masayoshi Son, have shown interest in the project.

Challenges like high valuation and competition with Apple may hinder funding for Ive and Altman’s startup. However, the trend of integrating AI into hardware products is growing, with a focus on developing voice-enabled AI assistants and large language models for various devices.

With support from key investors and the potential involvement of OpenAI, the success of Ive and Altman’s venture could influence the evolution of AI-powered personal devices. Investors are hopeful that this startup will pave the way for new advancements in AI technology.



Read more at Contxto: Jony Ive and Sam Altman’s AI device startup seeks $1B from top VCs •