TLDR:
– Sam Altman and Jony Ive are seeking at least $1 billion from investors to build an AI-powered personal device
– They may receive funding from Emerson Collective, a VC firm founded by Laurene Powell Jobs
How much will it cost to build Sam Altman’s planned artificial intelligence-powered personal device? At least $1 billion, according to a report by The Information. Altman, CEO of OpenAI, and his partner, Jony Ive, former design guru at Apple, are seeking funding from investors, potentially including Emerson Collective, a VC firm founded by Laurene Powell Jobs. The device will not resemble a smartphone, and discussions with Thrive Capital and Emerson Collective are underway to move the project forward. Analysts highlight the steep costs of AI, with Microsoft’s Bing AI chatbot requiring $4 billion in infrastructure. Building an AI hardware device may give OpenAI an edge in the competitive AI landscape. Businesses face the reality of rising AI costs and are exploring new pricing strategies to manage these expenses.
