Sam Altman and Jony Ive Seek $1 Billion to Fund New AI Hardware Venture

The duo aims to develop a non-smartphone AI device, sparking discussions with major investors including Laurene Powell Jobs.

Sam Altman, CEO of OpenAI, and Jony Ive, former Apple design chief, are collaborating on a new AI hardware project.
The device is described as an AI-powered personal device distinct from smartphones, though its exact nature remains undisclosed.
The venture seeks to raise at least $1 billion, with potential investors including Thrive Capital and Emerson Collective.
This new AI hardware could position Ive and Altman in direct competition with Apple, particularly in the realm of AI enhancements.
The funding and development of the device are still in the early stages, with significant tech industry interest.