Israeli engineer Ziv Attar sold Glass Imaging to OpenAI for $300 million after pioneering camera technology including iPhone Portrait Mode. Attar previously founded LinX, which Apple acquired in 2015, and developed the dual-camera Portrait Mode feature that became standard across smartphones. At Glass Imaging, he aimed to use AI to enable smaller, cheaper cameras with higher image quality.
OpenAI acquired Glass Imaging, an Israeli startup founded by former Apple engineers Ziv Attar and Tom Bishop, for over $300 million. The company develops AI technology to improve image quality in compact cameras for smartphones, drones, and wearables. The acquisition supports OpenAI's hardware ambitions, though specific applications remain unclear.
Oracle increased its restructuring costs by $700 million to $2.8 billion as it continues workforce reductions tied to AI adoption, having eliminated approximately 21,000 positions or 13% of its workforce in the previous year. The company is simultaneously investing heavily in AI infrastructure, raising $40 billion through debt and equity financing, while its stock has fallen 23% this year amid investor concerns about cash flow recovery.