'iPhone Of AI': OpenAI's Sam Altman, Apple Design Legend Jony Ive And SoftBank's Masayoshi Son Explore A New Venture
Portfolio Pulse from Rounak Jain
OpenAI's Sam Altman, former Apple Inc. design legend Sir Jony Ive, and SoftBank Group Corp.’s Masayoshi Son are in advanced talks to build the 'iPhone of AI'. They aim to create a more intuitive and natural way to interact with AI, similar to the transformative impact of the original iPhone on the smartphone industry. They are looking to raise $1 billion from SoftBank to launch their new venture. This comes as OpenAI, backed by Microsoft Corp., is seeking a valuation of up to $90 billion.
September 28, 2023 | 8:49 am
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NEUTRAL IMPACT
Former Apple design legend Jony Ive is involved in a new venture to create an intuitive AI device. This could potentially impact Apple's future product design and competition.
While Jony Ive's involvement in the new venture could potentially influence Apple's future product design and competition, it's too early to predict any direct impact on Apple's stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Microsoft-backed OpenAI is seeking a valuation of up to $90 billion and is involved in a new venture to create an intuitive AI device. This could potentially impact Microsoft's investment in AI.
Microsoft's investment in OpenAI could potentially benefit from the new venture and the increased valuation of OpenAI, which could positively impact Microsoft's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
SoftBank is in talks to invest $1 billion in a new venture to create an intuitive AI device. This could potentially impact SoftBank's investment portfolio.
SoftBank's potential investment in the new venture could diversify its investment portfolio and potentially bring significant returns, which could positively impact SoftBank's stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80