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OpenAI in advanced talks with Jony Ive and Masa to build "iPhone of AI," Epic Games cuts 16% of staff

FT sources: OpenAI is in advanced talks with iPhone designer Jony Ive and SoftBank’s Masayoshi Son to raise more than $1B to build the “iPhone of AI,” funded by SoftBank; Ive’s firm LoveFrom will develop OpenAI’s first consumer device - Link

Epic Games confirmed it is laying off 16% of staff (~830 employees), will sell Bandcamp, and spin-off SuperAwesome - Link

Songtradr, a platform for licensing music, has acquired Bandcamp from Epic Games and will continue operations - Link

Amazon launched Bedrock, a service that allows AWS customers to build and customize apps on top of generative AI models from Amazon itself and third-party partners through an API - Link

Roots. Invest in the only real estate investment trust that creates wealth for you and its residents at https://investwithroots.com/TWIST.

Plaid CEO Zach Perret joins Jason to break down the behind-the-scenes details of Plaid’s canceled merger with Visa (1:21), the company’s origin story (16:44), tactics on growing a community within your early customer base (27:36), and more! - Link

IYK, a startup building tools for brands and creators to launch digital and physical experiences via NFTs, raised a $16.8M Seed round led by a16z Crypto - Link

Medium will block AI companies from training on posts published on its platform until the companies are more explicit about consent, compensation, and credit - Link

Transfr, a NYC-based startup building VR tools for career training and development, raised a $40M Series C led by ABS Capital - Link

WSJ sources: France’s competition regulator raided Nvidia’s French offices on suspicion that it engaged in anticompetitive practices - Link

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