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OpenAI’s first device: OpenAI's device could open a new line of revenue for the IPO-bound company. Last year, it paid USD 6.5 billion to buy io, an AI devices startup from Apple's former design chief, Jony Ive, to develop devices tailored for the generative AI era.
OpenAI’s first device: OpenAI will launch a portable, screen-free smart speaker as its first consumer hardware product, Bloomberg News reported on Tuesday, days after Apple sued the AI company and two former employees of the iPhone maker for trade-secret theft.
Apple's complaint
Apple's complaint, filed on Friday, accuses OpenAI of orchestrating a broad effort to systematically acquire and exploit Apple's confidential information through its former employees, recruiting practices and supplier relationships to accelerate its push into the consumer hardware business.
Also Read: https://www.etnownews.com/technology/openai-rolls-out-chatgpt-work-to-automate-workplace-tasks-as-ai-race-heats-up-article-155036345
OpenAI's device could open new line of revenue
OpenAI's device could open a new line of revenue for the IPO-bound company. Last year, it paid USD 6.5 billion to buy io, an AI devices startup from Apple's former design chief, Jony Ive, to develop devices tailored for the generative AI era.
The product, which resembles a speaker, is still in development and is designed to act as a humanlike AI companion within the home, the Bloomberg report said, citing people familiar with the matter.
It will be capable of controlling smart home appliances, playing media, answering questions, responding to messages and drawing on the broader capabilities of OpenAI's ChatGPT, according to the report.
The device includes a camera and sensors that will help it understand a user's surroundings and context as well as advanced AI models beyond those available on conventional smart speakers, according to Bloomberg News.
Ive's studio, LoveFrom, is also helping build OpenAI's device business and the effort involves numerous former Apple designers and engineers who worked on products such as the iPhone and Mac, the report said.
OpenAI did not immediately respond to a Reuters request for comment.
Last month, OpenAI confidentially filed for a US initial public offering recently, the ChatGPT maker had said, joining rival Anthropic in a push toward a stock market listing as it looks to tap into insatiable investor demand for AI shares.
OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement.
Reuters had reported that the AI giant is targeting a valuation of up to USD 1 trillion in a stock market debut that could come as early as September.
At that valuation, OpenAI would set the stage for a trio of trillion-dollar-valuation companies debuting rapidly, which together are seen as the most consequential test of investor appetite for high-growth technology stocks in the last 10 years.
(With inputs from Reuters)
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