logo
OpenAI and Jony Ive's startup seal the deal

OpenAI and Jony Ive's startup seal the deal

Engadget09-07-2025
OpenAI's deal with Jony Ive's startup is a done deal. Ive's io has officially merged with the ChatGPT maker in a deal reportedly worth $6.5 billion. The companies announced the purchase in May.
Jony Ive and his LoveFrom design studio remain independent. Meanwhile, io's co-founders, Scott Cannon, Evans Hankey and Tang Tan, are now OpenAI employees. (Around 50 other io engineers, designers and researchers are, too.)
OpenAI and Ive are currently working on "a family of AI products for everyone." In May, Sam Altman and Ive dropped some hints about what to expect from their first product. They said it will be unobtrusive, portable and fully aware of its surroundings and the user's actions. It reportedly won't be a phone or a pair of glasses, which were likely the first two guesses for most people.
For the uninitiated, Ive was a trusted collaborator and confidant of Steve Jobs during the creative explosion that produced some of the most influential tech products ever made. Ive left Apple in 2019 to form LoveFrom. He and Apple parted ways three years later.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's AI Action Plan targets state regulation and 'ideological bias'
Trump's AI Action Plan targets state regulation and 'ideological bias'

Engadget

time11 minutes ago

  • Engadget

Trump's AI Action Plan targets state regulation and 'ideological bias'

At the start of the year, President Trump announced his AI Action Plan, an initiative he said would eventually enact policy that would "enhance America's position as an AI powerhouse." Now, after months of consultation with industry players like Google and OpenAI, the administration has finally shared the specific actions it plans to take. Notably, the framework seeks to limit state regulation of AI companies by instructing the Office of Science and Technology Policy (OSTP) and other federal agencies to consider a state's existing AI laws before awarding AI-related funding. "The Federal government should not allow AI-related Federal funding to be directed to those states with burdensome AI regulations that waste these funds," the document states. As you may recall, Trump's "Big Beautiful Bill" was supposed to include a 10-year qualified moratorium on state AI regulation before that amendment was ultimately removed in a 99-1 vote by the US Senate. Elsewhere, the AI Action Plan targets AI systems the White House says promote "social engineering agendas." To that end, Trump plans to direct the National Institute of Standards and Technology, through the Department of Commerce, to revise its AI Risk Management Framework to remove any mentions of "misinformation, Diversity, Equity, and Inclusion, and climate change." Furthermore, he's calling for an update to the federal government's procurement guidelines to ensure the government only contracts model providers that can definitively say their AI systems are "free from top-down ideological bias." Just how companies like OpenAI, Google and others are expected to do this is unclear from the document. Separately, Trump says he plans to remove regulatory hurdles that slow the construction of AI data centers. "America's environmental permitting system and other regulations make it almost impossible to build this infrastructure in the United States with the speed that is required," the document states. Specifically, the president plans to make federal lands available for the construction of data centers and power generation facilities. Under the Action Plan, the federal government will also expand efforts to use AI to carry out environmental reviews. The president plans to sign a handful of executive orders today to start the wheels turning on his action plan. Trump began his second term by rescinding President Biden's October 2023 AI guidelines. Biden's executive order outlined a plan to establish protections for the general public with regard to artificial intelligence. Specifically, the EO sought new standards for safety and security in addition to protocols for AI watermarking and both civil rights and consumer protections.

I Leveled Up My Retirement Strategy Thanks to AI. Here's How
I Leveled Up My Retirement Strategy Thanks to AI. Here's How

CNET

time41 minutes ago

  • CNET

I Leveled Up My Retirement Strategy Thanks to AI. Here's How

Some retirement tools have AI features that can help you craft the right plan for you. Getty Images/Viva Tung/CNET Three years ago, I left my cushy corporate job as a software engineer to write and explore my creative projects. I wasn't making as much as I had before, and sadly, I no longer had my shiny 10% employer 401(k) match either. I knew that leaving the corporate world meant I wouldn't be able to put as much money toward savings and retirement during my first few years freelancing. I still saved regardless, but I needed help figuring out how my retirement plans would shift with career changes. Come to find, artificial intelligence tools were excellent for this. Some AI tools can do a lot to help you plan for retirement. They can take your financial data and forecast retirement trends -- like job losses and market fluctuations. And the right prompts and queries can determine how much money you need to retire by a certain age, and even calculate your spending power at the time of retirement. But I found that AI has limitations. Here's how you can use AI to prepare for retirement and what I recommend if you're leaning on robots to help you plan for your financial future. How to use AI for retirement planning Different AI tools use different machine-learning models, and it's important to know which one to use and when. ChatGPT is a large language model useful for answering financial questions and performing dynamic planning through prompts and queries. For example, I like that ChatGPT can help project retirement timelines, especially when expenses, income, or taxes change. It may not be a financial adviser, but it's a great starting point when you can't afford one. However, ChatGPT is a general-purpose chatbot with limited capabilities compared to the AI tools used within banking and retirement software. The AI models that banks use in retirement apps are ideal for automated portfolio optimization and other financial tasks. So which one is best? It depends on how you want AI to help you plan for retirement. To get the most out of ChatGPT, use specific queries and include all of the important factors the model needs to analyze and answer your questions correctly. For example, I used the following query in ChatGPT: "If I currently have $200,000 saved for retirement at age 35 and want to retire at age 55, how much will I have at that time? Forecast with a monthly contribution of $500 and 10% interest rate." ChatGPT's response: "If you're 35 years old with $200,000 saved for retirement, contribute $500 a month, and earn an average 10% annual return (compounded monthly), by the time you reach age 55, you would have approximately $1,845,299." Then from there, I can ask clarifying questions to dig deeper, like: "How will that change if I can only save $200 a month?" "If my projected monthly expenses for my retirement age are $5,000 a month, what will that increase to in 20 years due to inflation?" "What would $1,845,299 be worth in 2045?" "If I have $1,845,299 at retirement and want it to last 20 years, how much should I spend per month? How would that change if I add $3,000 a month from Social Security?" An expert's take Jannese Torres, a fellow CNET Money Expert Review Board member and author of Financially Lit!, recommends using AI tools for financial guidance, too. Mainly, because of the transparency. "The truth is, AI is pulling from massive amounts of financial data and research to give you clear, actionable insights," Torres says. "It's not emotional, it doesn't have sales quotas, and it's not trying to upsell you on some shady investment like some unscrupulous 'advisers' do. That's a big win in my book." Torres pointed out that most of us didn't grow up learning how to plan for retirement. And figuring it out on our own can be overwhelming. That's where large language models can help, including ChatGPT and some of the tools I recommend. "It's like having a 24/7 money nerd who can break things down in plain English, no jargon included. You can ask anything, from 'What's a Roth IRA?' to 'How much do I need to retire by 55? and get an answer that makes sense," Torres says. The AI tools I trust to help plan my retirement Even though AI can help me plan for retirement, I still keep my money and data protected with my two trusted financial tools. My IRA and Roth IRA are with Fidelity, and I also have a brokerage account with M1 Finance. That being said, here are a few AI-featured tools that I use alongside the apps and tools I trust. AI tools and features I use for retirement planning Tool What it's used for My local credit union Monthly budget forecasting, spending analysis, and I'm able to securely connect my financial data to other apps, such as M1 Finance and Fidelity. Fidelity Retirement Planning Forecasts retirement readiness based on income, age, goals and assets. It can also estimate your future savings growth and recommend contribution strategies. Fidelity Go is a robo-adviser that automates investing and retirement portfolio management. M1 Finance Uses rule-based automation to rebalance portfolios and manage IRAs. Capitalize Helps users roll over old 401(k)s into IRAs using an AI-assisted platform that automates paperwork and finds forgotten retirement accounts. Empower Tracks your net worth and automates your savings. It also gives personalized retirement and investment advice in a dashboard. ChatGPT Acts as a personal financial brainstorming assistant. It can simulate retirement plans and understand complex financial topics through conversational AI. The risks of relying on AI for retirement planning Just because AI can help you personalize your plan for retirement doesn't mean it should be your only source of truth. There are two points worth noting before you use any AI tool to help you with your money goals, especially your retirement. AI isn't a safe place to store your data It's important to be cautious about how you're exposing your data when using any financial AI tool. This doesn't mean that you shouldn't use tools like ChatGPT. Even I use it. The trick is to avoid giving ChatGPT or similar AI tools any personal financial data, like account numbers or login information. One upside to using AI tools for retirement planning is that you're getting objective advice about your financial situation, and not from someone trying to sell to you or scam you. However, these tools aren't designed to securely store information, which risks your data falling into the wrong hands. So it's best to be cautious of any information you share and double-check any advice you receive with another trusted source. It lacks the personal, second opinion you need for your finances Relying on AI alone to plan your retirement can be dangerous. Between the lack of human understanding, accuracy (AI chatbots do sometimes "hallucinate" wrong information) and changes in retirement, it's best to have a second opinion. Using AI can make retirement planning more accessible, but it can't understand your emotions, values or life circumstances that shape your financial decisions. These tools cannot weigh the emotional trade-offs of retiring early to care for a loved one or the peace of mind you get from having extra savings -- even if the AI tool's algorithm says you don't need it. Satayan Mahajan, CEO of Datalign Advisory, an AI company that connects Americans with advisers, recommends a hybrid approach. "It's like having a tireless analyst who can crunch numbers all day. But it needs a human check. If you're trying to figure out how much you need to retire, AI should be your starting point. But it shouldn't be your only point," Mahajan says. It's best to pair AI with a professional, such as one through your bank, employer-sponsored retirement plan or similar, to make sure you're proceeding with your financial plans correctly. There's no one-size-fits-all in any financial plan. Above all, do what works best for you.

ChatGPT now handles 2.5 billion prompts a day — and it's changing how we search
ChatGPT now handles 2.5 billion prompts a day — and it's changing how we search

Tom's Guide

timean hour ago

  • Tom's Guide

ChatGPT now handles 2.5 billion prompts a day — and it's changing how we search

ChatGPT users are officially chatting at scale and Google might want to start paying closer attention. According to Axios, ChatGPT now processes more than 2.5 billion prompts per day, with around 330 million of those coming from users in the U.S. alone. No wonder CEO Sam Altman is pushing for more GPUs. That's a dramatic surge from just seven months ago, when the platform was averaging about 1 billion daily prompts. The sharp rise in usage signals a major shift in how people are turning to AI for everyday answers, ideas and productivity also raises an important question: what happens when we start asking ChatGPT more questions than we do Google? Google still dominates traditional search, with around 14 billion queries per day. But ChatGPT is catching up fast. While search engines are built to index the internet and surface relevant links, ChatGPT is trained to understand, summarize and synthesize language. That difference matters. More users are beginning to favor AI chat assistants for explanations, writing help, summaries and planning rather than sifting through web results. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. OpenAI's growing numbers show that chatbots are becoming default tools for a wide range of tasks, from work to school to daily life. If ChatGPT becomes the first stop for everything from dinner recipes to customer service scripts, it could chip away at Google's dominance in user attention, and eventually, ad dollars. It also suggests that generative AI is becoming deeply embedded in user habits, which means this shift for everyday users could mean: But there are trade-offs. ChatGPT's free tier still makes up the bulk of its user base, and while that scale is impressive, it also presents challenges. Running billions of prompts a day takes serious compute power, and OpenAI may need to adjust pricing, access or model behavior as it balances growth with sustainability. If you're already using ChatGPT regularly, this moment confirms you're not alone. But it also highlights the importance of knowing when to use a chatbot versus a traditional search engine. Use ChatGPT when you want something explained or simplified, you need help brainstorming or organizing ideas, or want support learning something new. If you're shopping locally or looking up something and want a variety of sources. Google is also a good option for fact-checking, although you can use ChatGPT for that, too. It's clear that ChatGPT is becoming a daily tool for hundreds of millions of users, and its 2.5 billion daily prompts show no signs of slowing. Whether this is a Google killer or a new kind of assistant remains to be seen. But one thing's clear: the way we search, learn and interact with information is evolving fast, and AI is at the center of it. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store