Elf Beauty said Tuesday it would acquire skin care brand Naturium in a $355 million deal, as beauty brands continue their hot streak despite a broader slump in the consumer sector. Elf and Naturium are known for affordable, trendy products that frequently go viral on social media apps like TikTok. Naturium was launched in 2019 by The Center, a Los Angeles-based beauty brand accelerator, and...
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Ex-Apple Designer Jony Ive and OpenAI’s Sam Altman Discussing AI Hardware Device; Why Open-Source and AGI Might Kill OpenAI
If you were thinking of trading in your phone for the latest iPhone 15, you may want to hold off.Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, Jessica and I reported on Tuesday. In a who’s who of tech, SoftBank CEO and investor Masayoshi Son has also talked to both Ive and Altman about the idea, but it’s unclear...
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