AI hardware company from Jony Ive, Sam Altman seeks $1 billion

Jony Ive, previously with Apple, and Sam Altman of OpenAI are currently mobilizing to secure $1 billion in funding for a novel venture. This initiative aims to develop an AI-integrated personal device, distinct in its design and functionality from conventional smartphones. The revelation comes from sources close to The Information, indicating significant progress in the project since its initial disclosure in late 2023.