Jony Ive, Sam Altman
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Jony Ive, iPhone and OpenAI
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I really hope OpenAI's new hardware doesn't make me talk to myself in public.
Hours after Sam Altman and Jony Ive announced that OpenAI was buying Ive’s company on Wednesday, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.
Supply chain analyst Ming-Chi Kuo is mostly known for Apple rumors, and now says users might be able to wear OpenAI’s future device around their neck.
As per news reports, all of io’s staff will join OpenAI, where they will work closely with the AI giant’s engineering, research and design teams in San Francisco. As per a report from Reuters, OpenAI is expected to name Jony Ive as creative head. However, Ive may also continue to run his independent design studio, LoveFrom.
There have been public failures as well, such as the Humane AI Pin and the Rabbit R1 personal assistant device. “Those were very poor products,” said Ive, 58. “There has been an absence of new ways of thinking expressed in products.”
Bloomberg on MSN1d
OpenAI Buying Jony Ive's AI Firm for $6.5 BillionOpenAI is buying an AI device startup co-founded by Apple veteran designer Jony Ive in a nearly $6.5 billion all-stock deal. Ive and OpenAI CEO Sam Altman will work together to build a new family of devices.