Altman and Ive Seek $1 Billion for AI Device Venture

OpenAI CEO Sam Altman and design icon Jony Ive are in discussions with major investors for their secretive AI project.

Sam Altman and Jony Ive are collaborating on an AI-powered personal device and are seeking $1 billion in funding.
The project, still under wraps, has drawn interest from investors like Laurene Powell Jobs and Masayoshi Son.
The device is speculated to not be a smartphone, potentially aligning with products like the Humane AI pin.
This venture marks a significant move for Ive post-Apple, as he continues to explore technology partnerships.
The AI industry's growth has seen Altman and Ive previously considering ventures, including a chip project targeting AI markets.