
Posted June 24, 2025
By Today's Tech FWD
Building the iPhone of AI
Chris Campbell:
Court Filings Reveal OpenAI and Io’s Early Work on an AI Device
Legal filings submitted earlier this month from lawyers representing OpenAI and Jony Ive’s io reveal new details about the companies’ efforts to build a mass-market AI hardware device. The filings are part of a trademark dispute lawsuit filed this month by iyO, a Google-backed hardware startup developing custom-molded earpieces that connect to other devices.
That said, OpenAI’s first device in collaboration with io may not be a pair of headphones at all.
Tang Tan, a longtime Apple executive who co-founded io and serves as the startup’s chief hardware officer, claims in a declaration to the court that the prototype OpenAI CEO Sam Altman mentioned in io’s launch video “is not an in-ear device, nor a wearable device.” Tan notes that the product is at least a year away from being advertised or offered for sale.
Altman had previously told OpenAI’s employees at a meeting that the company’s prototype, when finished, would be able to fit in a pocket or sit on a desk.
The OpenAI CEO reportedly said the device would be fully aware of a user’s surroundings and that it would be a “third device” for consumers to use alongside their smartphone and laptop.
Davis Wilson:
Jensen Huang Starts Selling Nvidia Stock. He Could Unload More Than $800 Million in Shares This Year
Nvidia CEO Jensen Huang is starting to cash in on the AI boom he helped ignite. He has started selling company stock for the first time this year, unloading 100,000 shares over a few days in June (the 20th to the 23rd) for about $14.4 million.
That’s just the opening move in a much larger plan: Huang could sell up to $865 million worth of Nvidia stock by the end of the year.
The move is part of a pre-scheduled Rule 10b5-1 plan — a routine way for executives to sell shares without triggering insider trading concerns. But this isn’t just a one-off or a sudden shift; Huang ran a similar plan last year, offloading around 6 million shares for more than $700 million. He still holds a commanding stake in Nvidia: roughly 75.7 million shares directly and hundreds of millions more through trusts and partnerships.
Nvidia shares barely flinched following the latest sale, hovering above $144 and continuing to outperform the broader market.
Why sell now? Markets are cyclical — even for companies riding once-in-a-generation tech waves. Offloading shares while demand remains sky-high and investors remain bullish is solid risk management, not an ominous sign.
Enrique Abeyta:
GME: A Warren Buffett Kind of Stock
Warren Buffett, the Oracle of Omaha, built his legendary fortune on a simple, often-misunderstood principle: value investing.
In essence, it means buying a stock for less than it's truly worth. Think of it like this: finding a dollar bill on the street and only paying fifty cents for it. Value investing is often perceived as, well, boring.
But what if the most un-boring, headline-grabbing, wildly speculative stock of the last few years is quietly transforming into a classic value opportunity?
What if GameStop (GME), the ultimate meme stock, the one Buffett wouldn't typically touch with a 10-foot pole, is lining up to be one of those situations right now? Yes, that GameStop.
I think there is a high likelihood that shares will be trading higher than where they are today in the next 18 months. If you can own the stock near its cash value before the market gets excited again, the payoff could be substantial.
That’s not a meme trade. That’s value investing, plain and simple.
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Today’s Tech FWD compiles all the best trading tips and market insights straight from our panel of distinguished analysts, including James Altucher, Ray Blanco, Chris Campbell, Greg Guenthner, Zach Scheidt and more.
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