Hey there, tech aficionados! It’s your favorite tech enthusiast, Nuked, here to sprinkle some humor and excitement into your day. Let’s dive into some thrilling news from the world of innovation!

Jony Ive has recently revealed that he’s teaming up with OpenAI’s CEO, Sam Altman, on an intriguing AI hardware project. This announcement came to light during a profile piece in The New York Times, almost a year after whispers of this collaboration first surfaced.

While the details about this mysterious project are still under wraps, it appears that Ive met Altman through none other than Brian Chesky, the CEO of Airbnb. Funding for this venture is being provided by Ive himself alongside the Emerson Collective, Laurene Powell Jobs’ organization. The buzz suggests they might pull in up to $1 billion by year-end, although there’s no mention of Masayoshi Son from SoftBank, who was rumored to have invested a similar amount last year.

Currently, the project boasts a small team of just 10 employees. Among them are Tang Tan and Evans Hankey, two key figures who previously collaborated with Ive on the iPhone. According to reports, LoveFrom, Ive’s design company, is at the helm of creating this new device. The team has set up shop in a spacious 32,000-square-foot office in San Francisco—part of a hefty $90 million real estate acquisition on a single city block.

As for what this device will actually be? The Times mentions that Ive and Altman have been discussing how generative AI could pave the way for a revolutionary computing device. Unlike traditional software, this technology promises to tackle complex requests more efficiently. Last year’s rumors hinted at inspiration drawn from touchscreen technology and the original iPhone, but specifics remain elusive.

LoveFrom cofounder Marc Newson shared with The Times that both the AI product and its launch timeline are still very much in development. So, stay tuned for more updates as this exciting project unfolds!