Sir Jony Ive, the British designer credited with shaping the iPhone and other iconic Apple products, is returning to the heart of Silicon Valley’s innovation scene – and this time, he may be aiming to disrupt the very device he helped make indispensable.
Six years after leaving Apple, Ive has partnered with OpenAI chief executive Sam Altman in a bold new venture. OpenAI has announced the acquisition of IO, a start-up founded by Ive, in an all-share deal reportedly worth $6.5 billion (£4.9 billion). The move marks a major step for the artificial intelligence company, as it seeks to expand beyond software and into consumer hardware.
While Ive will not become a full-time employee at OpenAI, he will serve as a consultant. IO’s 60-strong team of designers and engineers, many of whom are former Apple staff, will now work under the OpenAI umbrella. Their mission is to “reimagine what it means to use a computer”, with the help of ChatGPT and other AI tools developed by the company.
Altman has shared few specifics about what the first product will look like, but he has suggested it will not be a traditional smartphone or even include a screen. Instead, he and Ive plan to build a “family of devices” that could serve as intelligent companions, enhancing and potentially replacing the functions of a smartphone.
One potential outcome is a compact AI “pod” designed to work alongside existing gadgets like laptops or phones. OpenAI reportedly hopes to launch the first device by 2026 and eventually sell up to 100 million units. These devices could be offered through a subscription model linked to ChatGPT.
Ive, born in Essex and educated in industrial design in Newcastle, played a pivotal role at Apple from the 1990s onwards, creating the design language for products such as the iMac, iPod, iPhone and MacBook. His work, in close collaboration with the late Steve Jobs, helped transform Apple from a struggling tech firm into one of the world’s most valuable companies.
Jobs once described Ive as his “spiritual partner” at Apple, and said he held more power at the company than any other executive apart from himself. After Jobs’s death in 2011, Ive was widely viewed as Apple’s most influential figure until his departure in 2019.
Since leaving Apple, Ive has led his design consultancy LoveFrom, which has worked with high-profile clients including Ferrari and contributed to ceremonial design elements for the King’s Coronation. But he has also voiced disillusionment with the modern tech industry, criticising the dominance of “corporate agendas” focused on money and power.
In his new collaboration with Altman, Ive sees a return to what he calls “trying to move things forward”. He said, “Everything I have learnt over the last 30 years has led me to this place and to this moment.”
Despite the buzz surrounding the deal, some analysts have expressed scepticism. Technology analyst Richard Windsor called Ive “the most expensive consultant in history”, warning that the consultancy arrangement could allow him to quietly exit the partnership if it falters. Others have raised concerns about the valuation placed on IO and questioned whether the move is another sign of an AI investment bubble.
OpenAI is currently one of the most prominent players in the artificial intelligence race, valued at $300 billion and backed by Microsoft. The company has committed to building artificial general intelligence (AGI) and is investing heavily in data centres and infrastructure. In March, it raised $40 billion to fund these ambitions.
The new hardware project follows a string of unsuccessful attempts by others to challenge the smartphone’s dominance. Start-ups like Humane and Rabbit have launched compact AI-driven devices but failed to gain traction. Ive has criticised these efforts, calling them “very poor products”.
Meanwhile, tech giants such as Meta and Apple have explored wearable devices like AI-powered glasses and augmented reality headsets, but adoption remains limited. Analysts say consumers have been slow to embrace such technologies, and the market remains difficult to crack.
Still, the combination of Altman’s AI expertise and Ive’s design credentials has generated significant interest. “Jony did the iPhone, Jony did the MacBook Pro,” Altman said. “These are the defining ways people use technology.”
Whether this new venture can redefine consumer tech once again remains to be seen, but many in the industry believe that with Jony Ive involved, it is not a possibility to be dismissed lightly.
STEEL tycoon Sanjeev Gupta is racing against time to prevent his UK operations from collapsing, as court proceedings threaten to shut down two major plants employing nearly 1,500 workers, reports said.
The Asian businessman's company, Speciality Steel UK, appeared before the High Court on Wednesday (21) facing a winding-up petition that could force the business into liquidation. The legal action was brought by suppliers who claim they are owed substantial sums of money.
In a dramatic courtroom development, Gupta's legal team secured a crucial delay until mid-July after revealing that a mystery investor had emerged with potential interest in purchasing the struggling operation.
Barrister Daniel Judd told Judge Sebastian Prentis that "urgent meetings have been taking place" with this unnamed third party.
The reprieve provides breathing space for Gupta to negotiate a rescue deal for his factories in Rotherham, South Yorkshire, and Bolton, Lancashire. These sites produce specialised steel products for critical industries including aerospace, automotive, and energy sectors.
A company spokesperson said discussions with creditors continue, stressing their commitment to maintaining operations and protecting jobs at both facilities.
Should the rescue talks fail, the government may step in to nationalise the plants, which politicians have branded as "strategic national assets." However, ministers would only consider such intervention after the company enters formal insolvency proceedings.
This latest crisis comes just weeks after the government intervened to save British Steel, taking control of the larger steelmaker amid disputes with its Chinese owners over planned closures at the Scunthorpe facility.
Gupta had previously approached Whitehall seeking emergency support using similar legislation, but government sources confirmed his requests were rejected. This marks the second time ministers have declined to bail out his operations, having also refused assistance during the pandemic.
The current troubles stem from the collapse of Greensill Capital in 2021, a finance company that had been closely linked to Gupta's business empire. The failure left his conglomerate, known as GFG Alliance, struggling to secure funding across its global operations spanning steel, energy, and trading.
A restructuring proposal that would have forced creditors, including tax authorities, to write off significant debts was abandoned last week after failing to gain support. The plan had been designed to keep the business operating whilst addressing its financial difficulties.
Gupta built his reputation as a saviour of the steel industry, acquiring troubled plants worldwide and promising to revive their fortunes. His empire employs over 30,000 people globally, with operations across England, Scotland, and Wales.
However, his business activities have faced scrutiny since 2021, when the Serious Fraud Office launched an investigation into his empire. The company has said it is cooperating with authorities.
The steel industry has faced mounting pressures from rising energy costs and competition from cheaper overseas imports, affecting profitability across the sector.
Fujifilm has unveiled the X Half, a new compact digital camera designed to evoke the look and feel of classic film photography. Set to launch in late June 2025, the X Half is a part of Fujifilm’s X-series, and aims to appeal to enthusiasts seeking a nostalgic, analog-inspired shooting experience in a digital format.
The X Half is priced at £849.99 and features an 18-megapixel 1-inch-type sensor paired with a fixed 32mm-equivalent f/2.8 lens. While it uses modern digital technology, the camera deliberately omits certain features common in contemporary models – most notably, it does not support RAW image capture, offering only JPEG files. This decision is part of Fujifilm’s effort to deliver a “what-you-see-is-what-you-get” experience that mirrors traditional film photography.
A redefined half-frame concept
Fujifilm’s interpretation of the “half-frame” format differs from traditional definitions. Classic half-frame film cameras, such as the Pentax 17, typically capture images sized at 18mm x 24mm, roughly half the size of a full-frame (35mm) negative. In contrast, the X Half’s sensor measures 8.8mm x 13.3mm – half the size of an APS-C sensor used in other Fujifilm models like the X100VI and X-T5. Though the physical dimensions differ, Fujifilm retains the essence of half-frame photography: portability, casual shooting, and creative flexibility.
With a body weight of just 240 grams (8.5 ounces), the X Half is small enough to fit into a small bag or even a large pocket. Its compact size is reminiscent of disposable film cameras, but unlike those, it comes equipped with a proper glass lens featuring autofocus and aspherical corrections. The lens is described by Fujifilm representatives as having “some character”, a phrase often used to indicate a unique, though not necessarily sharp, optical performance.
Dedicated to film-like shooting
A key feature of the X Half is its commitment to film simulation. The camera includes 13 built-in film simulations that mimic the look of Fujifilm’s classic analogue stocks. Uniquely, there is a second screen on the camera specifically for selecting these simulations, enhancing the tactile and immersive experience.
The camera's analogue homage continues with the absence of an electronic or hybrid viewfinder. Instead, users compose their shots using a traditional optical viewfinder or the portrait-oriented 2.4-inch touchscreen on the rear. This design further aligns the X Half with the simplicity of vintage cameras.
Since the camera does not shoot RAW, any film simulation or filter applied during shooting is permanently embedded in the JPEG image. This limits post-processing flexibility but supports Fujifilm’s philosophy of embracing imperfections and encouraging spontaneous creativity.
Companion app and analogue-inspired features
Fujifilm will also launch a companion smartphone app shortly after the X Half’s release. The app includes several features designed to expand the analogue experience. Notably, it allows users to create diptychs – side-by-side images – similar to traditional half-frame compositions. These diptychs can be made using two photos, two short videos, or a combination of both.
The Fujifilm X Half is clearly aimed at younger photographers and content creators Fujifilm
Another standout feature is the Film Camera Mode, which groups captured images into digital “rolls” of 36, 54, or 72 shots, displayed as a contact sheet. Each contact sheet includes film strip branding that corresponds to the chosen film simulation, enhancing the archival and nostalgic feel. The app even features a virtual film advance lever, which must be used between shots in Film Camera Mode, mimicking the operation of vintage film cameras.
Additional effects can be added to photos, including light leaks, expired film aesthetics, and retro date-and-time stamps reminiscent of 1990s point-and-shoots. Since the X Half only produces JPEGs, these filters become a permanent part of the image, with no option to remove or alter them in editing software later.
Targeting a new generation of film lovers
The Fujifilm X Half is clearly aimed at younger photographers and content creators who are increasingly drawn to the visual quirks and tactile charm of film photography. While cheaper alternatives like the £70 Camp Snap or £10–£20 disposable film cameras offer a similar aesthetic at a lower price point, the X Half distinguishes itself by blending those vintage sensibilities with modern digital conveniences.
It remains to be seen how the £849.99 price tag will be received by the intended market. However, Fujifilm’s offering is unique in combining authentic design elements, creative shooting modes, and high-quality digital components. If it manages to capture even a fraction of the fun and spontaneity associated with traditional half-frame photography, the X Half may prove a worthwhile tool for nostalgic shooters and creative hobbyists alike.
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M&S believes that the attack has led to new and innovative ways of working for them
Marks and Spencer, the popular British multinational retailer, declared that its online services will remain disrupted until July, due to last month’s cyber-attack on them.
Customers haven’t been able to shop online for nearly a month, as the brand is struggling to recover from the incident.
"We expect online disruption to continue throughout June and into July as we restart, then ramp up operations," an M&S representative said.
Estimates say that M&S will face severe financial damage of £300 million this year. This loss equivalent to a third of its profit, could not be covered by any insurance.
The cyber-attack took place during the Easter weekend, disturbing the click-and-collect and contactless payments first. The executive team did find “suspicious activity” during that weekend. Couple of days later, M&S had to upload a banner on their website apologising for the unavailability of online ordering option.
The police are investigating the incident with their focus on a notorious group of English-speaking hackers, called as Scattered Spider. This group is also assumed to be behind the attacks on Co-op and Harrods. However, M&S suffered the biggest lost due to this.
The brand could respond quickly and act on time, as a result of the cyberattack simulation they did last year. It prepared the brand to face the unexpected, efficiently.
This attack was not a mere manipulation of technological loopholes. The hackers utilised social engineering techniques, by relying on human error to breach the brand’s security. They gained a “third party” access through a company that worked alongside Marks and Spencer.
"We took our online system down ourselves to protect the website and customers" said M&S chief executive Stuart Machin.
Lisa Forte, a cyber-security expert from Red Goat also said that, there are high chances for the retailers to pay huge sum of money to the hackers. Otherwise, the hackers make sure they pay the next time, by leaking or selling data. In that scenario, M&S dealt the issue well, by reaching out to the public quickly, she added.
M&S has been using a turnaround strategy since 2022, which updates in-store ranges and the chain’s property portfolio, with digital technology and back-office systems. These strict policies contributed to their financial growth.
The strategy brought a 22% spike in profit before tax and other costs to £875 million. Their sales also grew by 6.1% to £13.9 billion, with leading food sales.
The M&S team believes that the attack has led to new and innovative ways of working for them.
The pause in online shopping will cost the brand, especially in the areas of fashion, home and beauty. Insurance is expected to cover only a third of their loss. Usage of manual processes that produced additional waste and logistic cost, also added to the expenses. The brand will have to overcome the obstacles of data loss, litigation and future-proofing of the business from further attacks as well.
"This incident is a bump in the road, and we will come out of this in better shape, and continue our plan to reshape M&S for customers, colleagues and shareholders," said Mr Machin.
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Employees sew garments inside a garment factory in Katunayake free trade zone on April 9, 2025. (Photo by ISHARA S. KODIKARA/AFP via Getty Images)
FASHION retailer Next has abruptly shut one of its three factories in Sri Lanka, sacking around 1,400 workers and sparking protests on Wednesday (21).
The Next factory at the island’s Katunayake Free Trade Zone, just outside the capital Colombo, announced its immediate closure on Tuesday (20) and promised severance deals to 1,416 workers made redundant overnight.
David Reay, director of manufacturing at Next, said the plant had been unprofitable for several years and that he had no alternative but to close it.
"At the heart of this decision is the increasingly high operating cost of the Katunayake manufacturing plant," Reay said in a statement, adding the company will continue to operate two other factories on the island.
A powerful trade union said over 800 of its members were out of work as a result of the sudden closure, and it would seek legal redress to secure their jobs.
"The decision to close without any consultation with us is a violation of a collective agreement," said Anton Marcus, the general secretary of the Free Trade Zones and General Services Employees Union.
The union rejected the claim that the factory was unviable.
Last month, Sri Lanka’s apparel industry warned that threatened US tariffs would disrupt the island's largest export sector and place thousands of jobs at risk.
A tariff rate of 44 per cent on Sri Lankan exports to the US has been on hold for months by the US authorities, but a new 10 per cent baseline tariff is being applied in the meantime.
Sri Lanka exported $4.76 billion (£3.76bn) worth of garments last year, up from $4.53bn (£3.58bn) the previous year. The industry employs about 350,000 workers and is a key foreign exchange earner.
(AFP)
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BioNTech will establish a research centre in Cambridge focused on genomics, oncology, structural biology, and regenerative medicine.
BIONTECH has announced plans to invest up to £1 billion in the UK over the next 10 years. The investment will fund new research and artificial intelligence centres in Cambridge and London, creating over 400 jobs.
The UK government will provide up to £129 million in grant funding as part of the agreement signed with Science Secretary Peter Kyle on 20 May.
BioNTech will establish a research centre in Cambridge focused on genomics, oncology, structural biology, and regenerative medicine. In London, the company will set up its UK headquarters and an AI hub led by InstaDeep Ltd.
“This investment will propel the growth-driving life sciences sector to new heights,” said Peter Kyle.
Chancellor Rachel Reeves said: “This is another testament to confidence in Britain being one of the world’s top investment destinations and a global hub for life sciences.”
BioNTech CEO Uğur Şahin said: “This agreement marks the next chapter of our successful strategic partnership with the UK Government.”
The move is expected to generate additional jobs in the supply chain. It builds on the existing partnership between the government and BioNTech to provide up to 10,000 patients with personalised cancer immunotherapies by 2030.
The government said the investment aligns with its Plan for Change and support for the life sciences sector.