OpenAI & Jony Ive Are Reinventing AI Hardware
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Gene Munster, Managing Partner at Deepwater Asset Management, warned Wednesday that OpenAI represents the first serious competitive threat to Apple Inc. (NASDAQ:AAPL) in two decades following the artificial intelligence company’s $6.
Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, 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.
OpenAI is buying io, a hardware company founded by former Apple design chief Jony Ive and several other former engineers from his time there, including Scott Cannon, Evans Hankey, and Tang Tan.
With the intent to completely change the consumer electronics landscape, OpenAI CEO Sam Altman has reportedly shared plans to launch 100 million AI-powered devices designed in collaboration with former Apple designer Jony Ive. The announcement follows OpenAI’s acquisition of io, an AI startup co-founded by Ive, said to be valued at $6.5 billion .
The hand of Jony Ive is all around us: on our desks, in our pockets, in our palms. More than any other living designer, Apple’s former design chief has shaped and contoured our day-to-day experience. Yet unlike the buzzing, attention-hungry iPhone – his most earth-shaking effigy – the man himself is much less forthcoming.