OpenAI Reportedly Taps SoftBank For $1 Billion ‘iPhone Of Artificial Intelligence’ Venture
Topline OpenAI is in advanced talks with former Apple designer Jony Ive and Japanese tech giant SoftBank to bankroll a $1 billion project to build the “iPhone of artificial intelligence,” the Financial Times reported on Thursday, as the company moves to build upon the success of ChatGPT and Silicon Valley searches for tech’s next big hardware platform after the smartphone. OpenAI CEO Sam Altman is reportedly talking with SoftBank's Masayoshi Son about funding an AI ... [+] hardware venture. AFP via Getty Images Key Facts OpenAI CEO Sam Altman has tapped Ive’s company LoveFrom to develop OpenAI’s first consumer device, the FT reported, citing three people familiar with the matter. Ive, who was first reported to be collaborating with Altman by The Information on Tuesday, founded LoveFrom in 2019 after two decades at Apple, where he played a key role in developing some of the company’s most influential hardware like the iPhone and iPod. While the project is still ...