Tech Titans Seek $1 Billion for AI Device Venture
April 12, 2024, 3:50 pm
Location: United States, California, San Francisco
Employees: 201-500
Founded date: 2015
Total raised: $11.57B
Location: United Kingdom, England, City of London
Employees: 11-50
Founded date: 1888
Jony Ive and Sam Altman, two tech titans, are on a mission to secure a massive $1 billion investment for their groundbreaking AI device project. The duo, known for their work at Apple and OpenAI, are looking to revolutionize the tech industry with a device that has been dubbed the "iPhone of AI."
Ive, the former Apple design guru, and Altman, the current OpenAI CEO, have been in advanced talks with various venture capital firms, including SoftBank, Thrive Capital, and Emerson Collective. Their vision for the AI-powered hardware device is to break away from the traditional smartphone design and create something truly innovative.
The collaboration between Ive and Altman first made headlines in September 2023, sparking excitement in the tech world. The two have been brainstorming ideas at Ive's San Francisco studio, exploring the possibilities of a new consumer product that will leverage OpenAI's cutting-edge technology.
One key player in the discussions is SoftBank CEO Masayoshi Son, who has proposed a pivotal role for ARM, a chip manufacturer in which SoftBank holds a majority stake. This strategic partnership could be a game-changer for the project, bringing together top talent and resources to drive innovation.
Altman's experience in the AI space, coupled with Ive's design expertise, positions them as a formidable team in the tech industry. Their goal of securing $1 billion in funding reflects their ambition to push the boundaries of what is possible with AI technology.
As the tech giants continue to navigate the complexities of the industry, their venture represents a bold step towards shaping the future of AI devices. With their combined expertise and vision, Ive and Altman are poised to make a significant impact on the tech landscape, setting the stage for a new era of innovation and creativity.
Ive, the former Apple design guru, and Altman, the current OpenAI CEO, have been in advanced talks with various venture capital firms, including SoftBank, Thrive Capital, and Emerson Collective. Their vision for the AI-powered hardware device is to break away from the traditional smartphone design and create something truly innovative.
The collaboration between Ive and Altman first made headlines in September 2023, sparking excitement in the tech world. The two have been brainstorming ideas at Ive's San Francisco studio, exploring the possibilities of a new consumer product that will leverage OpenAI's cutting-edge technology.
One key player in the discussions is SoftBank CEO Masayoshi Son, who has proposed a pivotal role for ARM, a chip manufacturer in which SoftBank holds a majority stake. This strategic partnership could be a game-changer for the project, bringing together top talent and resources to drive innovation.
Altman's experience in the AI space, coupled with Ive's design expertise, positions them as a formidable team in the tech industry. Their goal of securing $1 billion in funding reflects their ambition to push the boundaries of what is possible with AI technology.
As the tech giants continue to navigate the complexities of the industry, their venture represents a bold step towards shaping the future of AI devices. With their combined expertise and vision, Ive and Altman are poised to make a significant impact on the tech landscape, setting the stage for a new era of innovation and creativity.