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    HomeTechOpenAI, Jony Ive in talks to raise $1 billion from SoftBank for...

    OpenAI, Jony Ive in talks to raise $1 billion from SoftBank for AI device venture – FT

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    (Reuters) – OpenAI is in advanced talks with former Apple designer Jony Ive and SoftBank’s Masayoshi Son to build the “iPhone of artificial intelligence”, fuelled by more than $1 billion in funding from the Japanese conglomerate, the Financial Times reported on Thursday.

    According to the Financial Times, OpenAI, the artificial intelligence research lab, is engaged in discussions with Jony Ive, the former designer of Apple products, and Masayoshi Son, the CEO of SoftBank. Their goal is to develop the “iPhone of artificial intelligence”. The project is expected to receive more than $1 billion in funding from SoftBank.

    OpenAI was established in 2015 with the aim of developing artificial general intelligence (AGI) that can outperform humans in most economically valuable work. It is focused on ensuring that AGI benefits all of humanity. The lab’s mission is to directly build safe and beneficial artificial general intelligence, or to aid others in achieving this outcome.

    Jony Ive played a crucial role in designing Apple’s most iconic products, including the iPod, iPhone, and MacBook. He announced his departure from Apple in 2019 after nearly three decades at the company.

    Masayoshi Son is a well-known entrepreneur and investor, and the CEO of SoftBank Group Corp. He has been instrumental in establishing the Vision Fund, which is focused on investments in technology companies.

    The collaboration between OpenAI, Jony Ive, and Masayoshi Son aims to create breakthroughs in artificial intelligence technology. The goal is to construct an AI system that represents a significant advancement in the field, similar to the impact the iPhone had on smartphones.

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    SoftBank’s funding will provide substantial support for the project. The company has a strong track record in investments and has previously backed a number of successful technology ventures.

    The partnership between OpenAI, Jony Ive, and Masayoshi Son underscores the growing interest and investment in artificial intelligence. As companies and innovators recognize the potential of AI, they are increasingly joining forces to push the boundaries of what is possible in this field.

    This collaboration could potentially drive significant progress in artificial intelligence research and development. It remains to be seen what groundbreaking innovations will emerge from this project and how they will shape the future of AI.

    OpenAI, Jony Ive, and Masayoshi Son’s “iPhone of artificial intelligence” has the potential to revolutionize the field and pave the way for new advancements and applications in AI technology.

    (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Rashmi Aich)



    Credit: The Star : Tech Feed

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