OpenAI and former Apple designers in talks to raise more than $1 billion from SoftBank to build "artificial intelligence iPhone"

Odaily Planet Daily reported that OpenAI is in in-depth negotiations with former Apple designer Jony Ive and SoftBank’s Masayoshi Son, hoping to establish a joint venture and build an “iPhone in the field of artificial intelligence.” SoftBank will provide it with more than $1 billion. funds. People familiar with the matter said OpenAI is still in the early stages of the process of finalizing a design or device and has many different ideas. There have been "serious" discussions between the parties, but no agreement has been reached, and a formal announcement of the joint venture could take months, and any resulting hardware products could take years to bring to market. (Financial Times) Earlier news, people familiar with the matter revealed that OpenAI is negotiating with investors for the sale of existing shares, which will value the company at 80 billion to 90 billion US dollars, almost three times the value earlier this year. It is reported that the transaction will allow employees to sell their existing shares rather than raise funds through the issuance of new shares. OpenAI has begun promoting the deal to investors, but terms could still change, people familiar with the matter said. Microsoft currently holds 49% of OpenAI’s shares.