Former Apple exec said to be working with OpenAI on hardware project
Brian Ach
Sir Jony Ive, the former Apple (NASDAQ:AAPL) executive best known for designing some of the tech giant's most iconic products, including the iPod and iPhone, is reportedly working with OpenAI CEO Sam Altman on a new artificial intelligence hardware project.
According to The Information, which first reported the news, SoftBank (OTCPK:SFTBY) CEO Masayoshi Son is also said to be involved in the project. At this point, it is unclear what the device would be, if it would get built, if it would be made by OpenAI or another company, the news outlet added.
The 38-year-old Altman has previously shown an interest in hardware and has made investments in startups that have worked on AI-powered wearables, The Information explained.
OpenAI uses Nvidia (NVDA) GPUs to run its large language models and its ChatGPT app runs on both iOS and Android devices.
On Tuesday, it was reported that OpenAI is discussing an existing share sale that would value the company at roughly $90B, more than triple what it was worth earlier this year.
The Sam Altman-led OpenAI is backed by "billions" of dollars by Microsoft (NASDAQ:MSFT), which reportedly has a 49% stake in the company.

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