OpenAI Discusses Acquiring Jony Ive's AI Device Startup

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9 days ago

Summary

OpenAI considers acquiring Jony Ive's AI device startup, io Products, for around $500 million. The startup has raised an undisclosed amount of funding from Laurene Powell Jobs' Emerson Collective and others. io Products is working on different concepts of AI-enabled devices, including smart home gadgets.

Key Points

OpenAI may end up partnering with instead of acquiring io Products
io Products has a small team that includes former Apple designers Tang Tan and Evans Hankey
The startup's goal is to build products that are 'less socially disruptive than the iPhone'

Why It Matters

This acquisition would further cement OpenAI's position as a leader in AI development and potentially lead to new innovative devices.

Author

Ivan Mehta

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