AI {hardware} firm from Jony Ive, Sam Altman seeks $1 billion in funding

Jony Ive, the former Apple designer.

Jony Ive, the previous Apple designer. (credit score: Gary Cohen)

Former Apple design lead Jony Ive and present OpenAI CEO Sam Altman are in search of funding for a brand new firm that can produce an “synthetic intelligence-powered private machine,” in line with The Info’s sources, who’re stated to be acquainted with the plans.

The precise nature of the machine is unknown, however it won’t look something like a smartphone, in line with the sources. We first heard inform of this enterprise within the fall of 2023, however The Info’s story reveals that talks are shifting ahead to get the corporate off the bottom.

Ive and Altman hope to boost at the least $1 billion for the brand new firm. The entire record of potential funding sources they’ve spoken with is unknown, however The Info’s sources say they’re in talks with frequent OpenAI investor Thrive Capital in addition to Emerson Collective, a enterprise capital agency based by Laurene Powell Jobs.

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