4 ms·

It’s mind boggling how much money is floating around once you are part of the insider circle. What has that company been doing to be worth 6.5 billion?

kridsdale1 1y ago
They made a very pretty font.
- The_Blade 1y ago
  that is more useful than more or less anything else that AI has practically achieved
ryanSrich 1y ago
I consider myself extremely plugged in to what's going on with AI and I still couldn't tell you what Ive's company does without looking it up
- criddell 1y ago
  Maybe the company is inconsequential and this is just about hiring Ive?
  - ryanSrich 1y ago
    Oh I'm sure that's the reason, but it still makes zero sense. Ive is incredibly overrated as a designer and visionary.
    - cma 1y ago
      Overrated is great for raising the next investment round. It is much easier than convincing investors they are underrating someone you think would make a better choice to go with someone overrated instead. If he is overrated enough the increase from overratedness in the next investment round will pay for more than the acquisition cost.
  - madeofpalk 1y ago
    Ive will not be joining OpenAI, and they’re also not buying Ive’s design firm LoveFrom.
    - spiantino 1y ago
      Kind of both? "While Ive and LoveFrom will remain independent, they will take over design for all of OpenAI, including its software. Altman said his first conversations with Ive weren’t about hardware, but rather about how to improve the interface of ChatGPT."
      - KerrAvon 1y ago
        That's not promising! Ive isn't an interface designer and doesn't know a pushbutton from a skeuomorphic hole in the ground. Software and industrial designers can work with each other to build great things, but they are not equivalent roles.
      - fckgw 1y ago
        6.5b to spruce up a chat box. Unbelievable.
    - yellow_postit 1y ago
      Thank God the jacket button is protected then.
  - mmaunder 1y ago
    It’s about putting lipstick on OpenAI. They’re in trouble.
    - criddell 1y ago
      After reading it again, I think Ive and his firm will be designing hardware.
- samtp 1y ago
  Do they even have a website?
  - s1mon 1y ago
    As far as I could tell, no. Seems to be fairly stealthy. I even asked ChatGPT with Deep Research, and there's not really much detail out there.
- dismalaf 1y ago
  I looked it up, still no idea what his company does.
wnevets 1y ago
> It’s mind boggling how much money is floating around once you are part of the insider circle. it's a big club and you ain't in it [1] [1] https://www.youtube.com/watch?v=cKUaqFzZLxU https://www.youtube.com/watch?v=cKUaqFzZLxU
beachy 1y ago
I think of it in terms of Vegas-style casinos or cruise ships. About $2B for a casino, $1B for a cruise ship. So imagine Johny Ives to be worth a couple of cruise ships tied up outside 2 hulking casinos.

kridsdale1 1y ago

They made a very pretty font.

The_Blade 1y ago
that is more useful than more or less anything else that AI has practically achieved

ryanSrich 1y ago

I consider myself extremely plugged in to what's going on with AI and I still couldn't tell you what Ive's company does without looking it up

criddell 1y ago
Maybe the company is inconsequential and this is just about hiring Ive?
- ryanSrich 1y ago
  Oh I'm sure that's the reason, but it still makes zero sense. Ive is incredibly overrated as a designer and visionary.
  - cma 1y ago
    Overrated is great for raising the next investment round. It is much easier than convincing investors they are underrating someone you think would make a better choice to go with someone overrated instead. If he is overrated enough the increase from overratedness in the next investment round will pay for more than the acquisition cost.
- madeofpalk 1y ago
  Ive will not be joining OpenAI, and they’re also not buying Ive’s design firm LoveFrom.
  - spiantino 1y ago
    Kind of both? "While Ive and LoveFrom will remain independent, they will take over design for all of OpenAI, including its software. Altman said his first conversations with Ive weren’t about hardware, but rather about how to improve the interface of ChatGPT."
    - KerrAvon 1y ago
      That's not promising! Ive isn't an interface designer and doesn't know a pushbutton from a skeuomorphic hole in the ground. Software and industrial designers can work with each other to build great things, but they are not equivalent roles.
    - fckgw 1y ago
      6.5b to spruce up a chat box. Unbelievable.
  - yellow_postit 1y ago
    Thank God the jacket button is protected then.
- mmaunder 1y ago
  It’s about putting lipstick on OpenAI. They’re in trouble.
  - criddell 1y ago
    After reading it again, I think Ive and his firm will be designing hardware.
samtp 1y ago
Do they even have a website?
- s1mon 1y ago
  As far as I could tell, no. Seems to be fairly stealthy. I even asked ChatGPT with Deep Research, and there's not really much detail out there.
dismalaf 1y ago
I looked it up, still no idea what his company does.

wnevets 1y ago

> It’s mind boggling how much money is floating around once you are part of the insider circle. it's a big club and you ain't in it [1] [1] https://www.youtube.com/watch?v=cKUaqFzZLxU https://www.youtube.com/watch?v=cKUaqFzZLxU

beachy 1y ago

I think of it in terms of Vegas-style casinos or cruise ships. About $2B for a casino, $1B for a cruise ship. So imagine Johny Ives to be worth a couple of cruise ships tied up outside 2 hulking casinos.