OpenAI is in discussions to potentially acquire Jony Ive's startup, io Products, for at least $500 million. The startup specializes in developing AI-powered hardware and has been collaborating with Altman since 2023. The discussions come after OpenAI secured significant funding and aims to integrate a design team for the device, described tentatively as a personal device. Speculations suggest it could rival Apple’s offerings, although the device’s exact nature remains unclear as it is reportedly not a conventional smartphone.
OpenAI is reportedly considering a $500 million acquisition of a startup led by Jony Ive, focusing on AI-powered hardware development since 2023.
The AI-powered hardware could compete with Apple, characterized as a 'personal device,' yet its final design hasn't been determined.
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