Jony Ive and Sam Altman to Raise $1 Billion for New AI Hardware Project

Sep 22, 2024, 11:31 AM

Jony Ive, the former Apple design chief, has confirmed that he is collaborating with OpenAI and its CEO Sam Altman on a new AI hardware project. Ive has reportedly purchased a city block in San Francisco's Jackson Square and could raise approximately $1 billion by the end of 2024 for the development of this AI device. The project involves a small team and aims to create a device with a new form factor. This collaboration marks a significant venture for Ive since leaving Apple. The initiative is part of Ive's work with his design firm, LoveFrom, and was highlighted in a major New York Times profile.