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Everything We Know About OpenAI's Plans For An AI ‘Companion'

Everything We Know About OpenAI's Plans For An AI ‘Companion'

Forbes22-05-2025

Jony Ive, the famed designer who joined Steve Jobs to develop Apple's most popular products, will now curate new devices for OpenAI after his startup was acquired by Sam Altman's firm earlier this week, as he and Altman tease potentially screenless, fully aware AI-powered 'companions.'
OpenAI's Sam Altman called Ive, who designed several Apple products, the 'greatest designer in the ... More world.'
Altman and Ive announced OpenAI's acquisition of Ive's io in a statement Wednesday, with the deal valued at roughly $6.5 billion after OpenAI acquired 23% of io in a partnership deal in 2024.
Ive won't join OpenAI's staff as part of the deal and his design firm LoveFrom will continue to operate independently, Bloomberg reported, though LoveFrom will 'take over design for all of OpenAI, including its software,' as about 55 hardware engineers, software developers and manufacturing experts join OpenAI from io.
The first device by Ive and Altman is expected to debut in 2026, they told Bloomberg.
Ive joined Apple in 1992 and as head of design helped create the company's most iconic products—including the iMac in 1998, the iPod in 2001, the iPhone in 2007, the iPad in 2010 and the Apple Watch. After Ive announced in 2019 he would leave the company to debut his design firm, LoveFrom, Apple CEO Tim Cook applauded his tenure, saying Ive's 'role in Apple's revival [in the 1990s]' could not be overstated.
Altman told OpenAI employees Wednesday he and Ive planned to release AI 'companions,' according to a recording obtained by The Wall Street Journal. The pair signaled the device would be aware of a user's surroundings and life, could be placed in a pocket or on a desk and be featured alongside products like a MacBook Pro or iPhone, and the Journal previously reported Altman planned to create a device without a screen. Ive and Altman also indicated their device wouldn't be a new phone or something that could be worn, after earlier reports of their collaboration suggested they explored developing headphones, the 'iPhone of artificial intelligence' and other devices with cameras. They told Bloomberg their new device would allow consumers to connect with AI in 'very new ways,' as Altman suggested their first product won't 'make the smartphone go away' and be a 'totally new kind of thing.' The pair may also design new computers: Altman, who called Ive the 'greatest designer in the world,' wrote on X he was 'excited to try and create a new generation of AI-powered computers.'
Apple, whose shares have declined more than 17% in 2025, advertised the release of its iPhone 16 last year with details about the company's new 'Apple Intelligence.' The company announced earlier this year it would delay the new AI features to 2026, after it disabled Apple Intelligence summaries for news apps when some users discovered the company's AI system inaccurately displayed story facts. Apple was sued in March by consumers alleging the company falsely advertised its AI features, with 'a clear and reasonable consumer expectation' that AI would be available at the iPhone's release, according to a filing in the U.S. District Court in San Jose (Apple did not immediately respond to a request for comment from Forbes). Ive has reportedly expressed interest in developing an AI device for years, telling Bloomberg early AI devices like the Human Ai Pin are 'very poor products.' Ive co-founded io in September 2023, as it 'became clear that our ambitions to develop, engineer and manufacture a new family of products demanded an entirely new company,' Ive and Altman wrote. Ive reportedly planned to build and sell an AI device with io using OpenAI's technology before Altman pushed for their companies to combine.
OpenAI's talks to acquire io were first reported in March. The companies were said to be developing a device that would include technology from the movie 'Her,' a 2013 film in which the main character develops a relationship with a voice AI companion. OpenAI and io agreed to a partnership last year that involved OpenAI acquiring a 23% stake in the company, according to Bloomberg. The acquisition is the latest by OpenAI in the company's apparent push to release physical devices, following the release of its popular AI chatbot ChatGPT in 2022, after the company hired the former head of Meta's augmented reality glasses project in November. That same month, OpenAI reportedly invested in the robot startup Physical Intelligence.

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‘We're on the cusp of more widespread adoption': Laura Shin on Trump, stablecoins, and the global rise of cryptocurrency
‘We're on the cusp of more widespread adoption': Laura Shin on Trump, stablecoins, and the global rise of cryptocurrency

Fast Company

time26 minutes ago

  • Fast Company

‘We're on the cusp of more widespread adoption': Laura Shin on Trump, stablecoins, and the global rise of cryptocurrency

With the first family actively engaged in memecoin ventures, speculation about the future of cryptocurrency has never been hotter. Laura Shin, crypto expert and host of the podcast Unchained, reveals the sector's emerging economic, political, and geopolitical implications. Shin also provides context for why stablecoins are growing so fast and how the current administration is shaping the conversation. This is an abridged transcript of an interview from Rapid Response, hosted by Robert Safian, former editor-in-chief of Fast Company. From the team behind the Masters of Scale podcast, Rapid Response features candid conversations with today's top business leaders navigating real-time challenges. Subscribe to Rapid Response wherever you get your podcasts to ensure you never miss an episode. You call yourself a no-hype crypto journalist, so can you give us a short, no-hype overview of where we are right now in crypto's evolution? Yeah, I would say we're probably on the cusp of more widespread adoption. The number-one biggest reason is simply that the Trump administration is really embracing crypto. That has not been true of previous administrations. In fact, the Biden administration was probably, I want to say, actively hostile. I don't know if people will love that term, but that's probably a pretty accurate description. For a long time, there were a lot of entrepreneurs who were cautious about doing things in the U.S. This administration is more, not only open-minded, but even in some regards almost a little bit too embracing of crypto, you could say. I think there's going to be probably a decent number of crypto IPOs this year, but then on top of it, stablecoins are probably the first major application that has really found what the industry likes to call product-market fit. We're seeing that stablecoins have a huge amount of uptake, especially in so many other jurisdictions where they don't trust their local currency. It could be Argentina or Venezuela or Turkey or Nigeria. There are just a lot of places where people don't actually have a great way to save their money, and they maybe don't also have really great ways to send money across borders. So, stablecoins are fulfilling that role and Congress is probably on the cusp of finally passing legislation here in the U.S. around stablecoins. For a layperson, someone not engaged in the crypto world, can you just explain what a stablecoin is relative to a memecoin, relative to whatever the portfolio might look like? Yeah, so a stablecoin is any blockchain-based asset that is pegged to the value of some other asset—99% of all stablecoins are pegged to the value of the U.S. dollar. The way that stablecoins really took off initially was that on a number of crypto exchanges, people wanted to be able to buy and trade using dollars. I wrote this book called The Cryptopians, and it covers 2013 until 2018. Even at that time, people would recite back to me the price of Bitcoin or the price of Ether in dollars. No matter whether they were European or Asian or just wherever they were in the world, they always knew the price in dollars. . . . Here's a really simple example: There's a serial entrepreneur in Afghanistan. Her name is Roya Mahboob, and she had this microblogging platform, and I think a lot of the people writing for it were women. They had a hard time paying them, because a lot of women in Afghanistan, they don't have bank accounts, or if they do, then their male relatives might actually take the money that they earned from them. So [the platform] set them up with Bitcoin wallets and then taught them how to use them. One of the women was in an abusive marriage and saved up the Bitcoin and then used that to eventually divorce her husband, so that gives you some kind of agency. I have some close Turkish friends, and I think it was in 2018, the value of the lira was just going down and down. So it's like people in those places I think grasp these kinds of things a lot more quickly, like the value of crypto. Having a form of money that isn't influenced by a central bank, that's stablecoins. Because the stablecoins are generally linked to the U.S. dollar, it's a way to sort of have dollars without having dollars, right? Exactly. I mean, you're getting the stability of that U.S. market, which there's some irony in that, because of course one of the philosophical ideas around crypto is that it's not linked to a government, that it's separate. Now we're going to get really deep into this. So you're correct that this is people wanting U.S. dollars, which is a form of currency linked to a specific government, but of course the people who want those dollars are people who don't otherwise have the privilege of easily accessing them. Bitcoin, of course, existed before stablecoins ever existed. There have been times when the Bitcoin price would go up, and then it would crash for a little while, and then it would go up again and then it would crash, and so that's kind of when you started to see stablecoins also take off. A lot of people view Bitcoin as a good long-term investment, but on any short-term timescale, you don't really know where the price is going to be, so if you need the money on a shorter-term timescale, then you would probably rather have something more stable, and so that's where the interest in stablecoins came about. There's a reason why 99% of the stablecoins are denominated or pegged to the value of the U.S. dollar, and it's of course because we're the global reserve currency, so there's a lot of safety there. Trump seems like he's done a full 180 on crypto. I mean, he said it was a scam during his first term and then supported it very strongly in his campaign. He's launched his own Trump coin three days before the inauguration. Do we know how much of Trump's crypto position is about political opportunity or financial opportunity, or some larger philosophy about markets? I don't think there's a larger philosophy. I think most people probably know what Trump's MO is. But let's just say he's president and he took a luxury jetliner from the Qataris, so whatever it is that you think that says about him, it applies to his activities in the crypto world. What I will say though, aside from his personal dealings, which by and large in my opinion, they're business dealings, things that would help his family or him. He launches this memecoin, which by the way, to make one of these things costs almost no money, so I just want to make that clear, and you're basically printing money out of thin air, right? But then on top of that, the people who got in very early, they just had some agreement where they had to hold their coins until whatever it was, 90 days or I forget what the number of days was. Now, fortuitously, when that deadline came, [Trump] announced that he was going to have a dinner, and in order to participate in the dinner, you had to be one of the top holders of this coin, so of course the price shot up right at that time when this unlock was happening for those insiders. Just note the timing there and put those two facts together and you can make your own conclusions, but, well, let me put it this way: Trump saw that the Biden administration alienated the crypto community. He realized these people have money and they hate the Democrats. . . . He said, 'I'm the crypto candidate,' and he even went to the Bitcoin conference last year. He made all these promises to the crypto community and Bitcoin communities. On top of that, people in his personal orbit, his family, realized this industry is going to get bigger, this industry's all about money, and so they have been taking advantage. So you will see, and this is very interesting, there were a number of people who were very passionately pro-Trump during the campaign, and then once the memecoin thing happened, because not only Trump, but also Melania launched a memecoin, and they were not happy about what he was doing. 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U.S. Futures Drop As Trump Says He'll Set Unilateral Tariffs In 2 Weeks
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Forbes

time35 minutes ago

  • Forbes

U.S. Futures Drop As Trump Says He'll Set Unilateral Tariffs In 2 Weeks

U.S. stock futures slumped early on Thursday—with the Dow index dropping by more than 200 points—after President Donald Trump said his administration will soon send letters to other countries unilaterally outlining the tariff rates that will be imposed on them. U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center ... More for the Performing Arts. While attending a show at the Kennedy Center on Wednesday evening, Trump was asked about extending the ongoing 90-day tariff pause—which will expire on July 9—and said: 'I would, but I don't think we're going to have that necessity.' The president said the U.S. was negotiating with 15 countries, including Japan and South Korea. Trump then noted that the U.S. has around '150 plus' trading partners and 'at a certain point, we're just going to send letters out…saying this is the deal, you can take it or leave it.' 'We're going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is,' he added. The president touted the proposed agreement with China as a 'great deal,' adding, 'We're very happy with it, we have everything we need.' U.S. stock futures slumped in premarket trading early Thursday, with the benchmark S&P 500 slipping by 0.4% to 6,004 points. The Dow Futures index was the worst hit, dropping by 0.5% to 42,684 points, while the tech-focused Nasdaq Futures fell 0.4% to 21,799 points.

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