Business News Report Technology

OpenAI, in collaboration with the acclaimed designer Jony Ive, is seeking substantial $1 billion financial backing from SoftBank to bring to life an advanced 'AI Device' project.

In Brief

OpenAI, working closely with Jony Ive, is looking to gather over $1 billion from SoftBank’s Masayoshi Son to develop a cutting-edge AI device.

OpenAI, Jony Ive, and SoftBank are engaged in discussions regarding $1 billion investment for an innovative venture focused on artificial intelligence devices.

OpenAI OpenAI is reportedly in key talks with former Apple designer Jony Ive. Apple designer Jony Ive With SoftBank's Masayoshi Son also involved, this collaboration seeks to develop a device that could be described as the 'iPhone of AI', significantly supported with over $1 billion in funding from SoftBank's strategic investments.

OpenAI’s Sam Altman The collaboration involves working with Jony Ive’s design firm, LoveFrom, to create OpenAI’s inaugural consumer-focused device.

Recent conversations, allegedly taking place in Ive’s San Francisco studio, have centered on the ambitious idea of launching a novel consumer product grounded in OpenAI's advanced technology. Their aim is to offer users a more seamless and intuitive interaction with artificial intelligence, reminiscent of the groundbreaking influence the iPhone had on the mainstream adoption of mobile technology.

Early Design Phase

While the project remains in its infancy, a variety of innovative concepts are currently being discussed. Notably, the conversations have highlighted the crucial role of Arm, a chip design powerhouse in which SoftBank has a substantial interest.

The aim of their collaboration is to create a united front by leveraging resources from OpenAI, Jony Ive’s team, and SoftBank, with the latter set to inject an investment of over $1 billion into this pioneering venture. Although these discussions are progressing well, a formal agreement has yet to materialize, suggesting that an official announcement might still be several months away. LoveFrom Jony Ive, who played a pivotal role in launching the first iPhone, has voiced concerns about the compulsive habits associated with smartphone usage. He stresses a moral obligation to address the unintended consequences, such as the addictive nature of certain applications that the iPhone has amplified.

His current alliance with OpenAI signifies a commitment to developing interactions with technology that reduce reliance on conventional screens.

In a saturated smartphone market, this new initiative could represent a monumental shift in the landscape of consumer electronics. Despite the emerging popularity of virtual reality devices like the Meta Quest and smart speakers such as Amazon Echo, none have matched the pervasive influence of the smartphone.

This collaboration involving OpenAI, supported by substantial funding from SoftBank, has the potential to be a transformative force in the industry, leading to revolutionary advances in how users engage with artificial intelligence.

ChatGPT's capabilities have expanded to include browsing the internet for up-to-date and authoritative information, complete with direct links to reference sources. It is no longer confined to knowledge prior to September 2021.

Enhanced Features for Users

The synergy between OpenAI, Jony Ive, and SoftBank could herald a major advancement in AI technology, potentially leading to the next groundbreaking consumer device that might rival the revolutionary impact of iPhones and other smartphones. announcement Please keep in mind that the information presented on this page is not intended as legal, tax, financial, investment, or any other form of advice. It is crucial to only invest amounts that you can afford to lose and to seek independent financial counsel if you have any reservations. For additional details, we encourage you to read the terms and conditions as well as the help and support resources from the issuer or advertiser. MetaversePost is dedicated to accurate and impartial news reporting, but remember that market conditions can shift without prior notification.

Nik is a skilled analyst and writer for Metaverse Post, focusing on providing insightful perspectives in the rapidly evolving tech landscape, especially in AI/ML, XR, VR, blockchain analytics, and development. His articles inform and engage a wide audience, keeping them ahead of the technological curve. Equipped with a Master’s degree in Economics and Management, Nik understands the complexities of the business realm in relation to emerging technologies.

Disclaimer

In line with the Trust Project guidelines Blum is celebrating its one-year anniversary with accolades for 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025.

AlphaFold 3, Med-Gemini, and others: A look at how AI is reshaping the healthcare landscape in 2024.

Artificial intelligence is making waves in healthcare, from discovering new genetic links to enhancing robotic surgical procedures.

Know More

Copyright, Permissions, and Linking Policy.

OpenAI and Jony Ive are in talks with SoftBank to secure a staggering $1 billion in funding for their ambitious project focused on developing an innovative AI device, as reported by Metaverse Post.

Know More
Read More
Read more
News Report Technology
Vanilla has rolled out a groundbreaking 10,000x leverage for their Super Perpetuals on the BNB Chain.
News Report Technology
Solv Protocol, Fragmetric, and Zeus Network have formed a partnership for the launch of FragBTC: Solana’s native yield-generating Bitcoin offering.
Press Releases Business Markets Technology
Polygon is initiating the 'Agglayer Breakout Program' aimed at fostering innovation and delivering value to POL stakers through airdrops.
News Report Technology
From Ripple to The Big Green DAO: An exploration of how various cryptocurrency projects are contributing to charitable endeavors.