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OpenAI to buy AI startup from Jony Ive

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Re: OpenAI to buy AI startup from Jony Ive

#51

No question that Ive is a legend, but I do think the fall of Humane (also ex-Apple) and the challenges at Meta, Apple, and Google in terms of VR/AR adoption (Meta Ray Ban, Apple Vision, Google Glasses and the new thing) are instructive here. The $6.5B almost feels like the largest ever aquihire.

But Meta is thriving with Meta Ray Bans, they have sold over 2M as of few months back. (Yes I know that number seems small compared to other devices, but for a new form factor, that seems like a great early success)

Meta Ray Bans and Googles Project Aura are products that I absolutely want, but absolutely don't want to buy them from either of those companies, or any company as invasive as they are.

It's long past time for enhanced privacy regulation in the North American market because these products are going to be wildly invasive as people depend on them to mediate their experience with the world. I don't know what the right answer, and I am very much aware that building products like these that don't focus on monetizing user interaction and advertising would likely mean that they are priced out for lower income users, but I hope someone smarter than me can figure it out :S

Re: OpenAI to buy AI startup from Jony Ive

#53

No question that Ive is a legend, but I do think the fall of Humane (also ex-Apple) and the challenges at Meta, Apple, and Google in terms of VR/AR adoption (Meta Ray Ban, Apple Vision, Google Glasses and the new thing) are instructive here. The $6.5B almost feels like the largest ever aquihire.

To quote from the article regarding Humane and the Rabbit r1 personal assistant device: “Those were very poor products,” said Ive, 58. “There has been an absence of new ways of thinking expressed in products.”

Re: OpenAI to buy AI startup from Jony Ive

#54

That is an insane amount to hire Johnny Ive. Just to signal to the market that OpenAI is getting into hardware, what on earth could they be building towards. They’ve been writing some big checks off late, these costs will have to be justified soon enough.

Or he thinks OpenAI is really only worth something in the $30B range and he is getting a steal while his currency is hot.

Re: OpenAI to buy AI startup from Jony Ive

#55

That is an insane amount to hire Johnny Ive. Just to signal to the market that OpenAI is getting into hardware, what on earth could they be building towards. They’ve been writing some big checks off late, these costs will have to be justified soon enough.

That's 1% of OpenAI allegedly value

Re: OpenAI to buy AI startup from Jony Ive

#56
post #29
post #9

Earlier quoted context omitted.

There's only one Jony Ive and alot of demand from the company with the deepest pockets in town ... UX will make or break any major new AI product - especially hardware. The price is steep but I think it's actually a sensible move. There really aren't that many other people with the proven ability to deliver when it comes to UX at scale for novel areas.

Only in silicon valley would $6,500,000,000 for a single designer seem like a sensible move...

It's not actually $6.5 billion cash. It's a stock certificate. A stock certificate which can go to zero.

Re: OpenAI to buy AI startup from Jony Ive

#57
post #48

Earlier quoted context omitted.

That is absolutely not their website

Thanks. Could you share the link? I'm having trouble finding their website.

I don't think they got as far as making a website before being acquired. AFAICT the name of the company hadn't even been announced prior to this, it was just vaguely referred to as Jony Ive's hardware company.

Re: OpenAI to buy AI startup from Jony Ive

#59

The ability for a CEO to be a founder of another company and then buy that company with the company he is a CEO of seems incredibly sketchy. See also: bullshit idea that someone can actually run multiple companies, it’s ceo welfare and vanity titles.

Or being CEO of a company and then using as vendors for your employee benefits companies that you've invested in. Blatant unethical self-dealing.

Re: OpenAI to buy AI startup from Jony Ive

#60

That is an insane amount to hire Johnny Ive. Just to signal to the market that OpenAI is getting into hardware, what on earth could they be building towards. They’ve been writing some big checks off late, these costs will have to be justified soon enough.

VCs have too much capital at hand and don't know how to deploy it all.

This is on the back of epic wealth inequality.

I don't know why Jony Ive is seen to be worth billions, but he's obviously not, he's just another shill in the ivory tower.

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