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OpenAI to buy AI startup from Jony Ive

bloomberg.com

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Re: OpenAI to buy AI startup from Jony Ive

#591

Post by bigyabai »

mrbungie wrote: post #485
samtp wrote: post #355

> In the interview, Altman said Jobs would be “damn proud” of Ive’s latest move. What an extremely weird (and egotistical) thing to say if you're in Altman's position

Narcissistic ego stroking. He literally is invoking and thinking out loud for a dead man, who was not that intimate with him, just to validate his own ventures and acquihires. Very weird. It wouldn't be that weird if Ive had said so himself.

> It wouldn't be that weird if Ive had said so himself.

It would still be marketing, though.

Re: OpenAI to buy AI startup from Jony Ive

#592

Post by M3L0NM4N »

xgolwks wrote: post #386

What the other commenters are forgetting is that this is the same Sam Altman who planned and executed the extraction of Reddit from Condé Nast. This acquisition (and the Windsurf acquisition) are all-stock deals, which have the added benefit of reducing the control the nonprofit entity has over the for profit OpenAI entity. How do you extract the for profit entity out of the hands of a nonprofit? - Step 1: you have c…

I want to know why a burner account posted this comment. There could be many reasons, some more entertaining than others. Of course the answer could be boring, but do you care to elaborate?

Re: OpenAI to buy AI startup from Jony Ive

#593

Post by kjkjadksj »

haunter wrote: post #501
catigula wrote: post #452

Earlier quoted context omitted.

That is interesting given that reddit has gone from a cultural powerhouse to something most people talk about shamefully, if at all.

>something most people talk about shamefully, if at all Only if you go there for rage bait content. Small subs are better than ever. And no Lemmy is not an alternative.

Small subs are worse than ever IMO. Either totally dead or they hit a critical mass where product shills have come in and established the dogma of the subreddit.

Re: OpenAI to buy AI startup from Jony Ive

#594

Post by recursivecaveat »

chairhairair wrote: post #124
nickrubin wrote: post #7

OpenAI announcement: https://openai.com/sam-and-jony/

Altman: "Jony was running a design firm called LoveFrom that had established itself as really the densest collection of talent that I've ever heard of in one place AND HAS PROBABLY EVER EXISTED IN THE WORLD." I felt physically sick from second-hand embarrassment watching this.

Somehow when the buzz-word machine found talent density, half the passengers forgot that density has a denominator. I see this goof a lot. If you accept the premise that Jony is literally the most talented human in the entire history of the world (I know I know), then obviously he was more dense sitting in a room alone, than after being diluted by hiring 50 other people.

Re: OpenAI to buy AI startup from Jony Ive

#595

Post by tjuene »

ryanwhitney wrote: post #504
samtp wrote: post #391

Earlier quoted context omitted.

I'm also struggling to find the website for Ive's company that is being acquired for $6.5 billion. Maybe I'm just slow today, but does the company being acquired have a website?

They only have a landing page: https://www.lovefrom.com/

not lovefrom, the "io" company thats being acquired

Re: OpenAI to buy AI startup from Jony Ive

#597

Post by DrBurrito »

tgma wrote: post #531
DrBurrito wrote: post #521

Earlier quoted context omitted.

My understanding is that there are two types of stock, and the non profit controls the voting stock majority. This cannot be diluted. All other stock gives a (capped) fraction of the profits. This cannot be diluted by these operations, but the cap also can be a bad deal.

This is news to me. Do you have any reference for this? FWIW they did a restructuring that got rid of the capped-profit regime very recently.

Ah right, the restructuring seems to change some things:

From here: https://openai.com/index/evolving-our-structure/

The nonprofit will continue to control the PBC, and will become a big shareholder in the PBC, in an amount supported by independent financial advisors, giving the nonprofit resources to support programs so AI can benefit many different communities, consistent with the mission. And as the PBC grows, the nonprofit’s resources will grow, so it can do even more. We’re excited to soon get recommendations from our nonprofit commission on how we can help make sure AI benefits everyone—not just a few. Their ideas will focus on how our nonprofit work can support a more democratic AI future, and have real impact in areas like health, education, public services, and scientific discovery.

The previous structure is here: https://openai.com/our-structure/

Re: OpenAI to buy AI startup from Jony Ive

#599

Post by nobench »

Sam is playing 4D chess here. He needs top-tier talent and design to build the next generation of AI hardware, and this move pulls in both capital and talent. Going after Apple—the king of consumer hardware—makes perfect sense: either OpenAI builds the iPhone killer or forces Apple to make a move. They’ve won the web interface so far, but don’t own an OS or device layer, so this helps solve that long-term strategic gap. And since it’s an all-equity deal, there’s basically no downside—John stays aligned, and OpenAI now has elite software and hardware talent under one roof. Huge value unlock.
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