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OpenAI Eyes $500 Million Acquisition of Jony Ive's AI Startup

4/7/2025

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Summary

Story summary

OpenAI is eyeing a potential acquisition of Jony Ive's innovative AI hardware startup, io Products, with a price tag of at least $500 million. Launched in 2023, this ambitious venture is set to revolutionize technology with AI-driven devices, including a groundbreaking "phone" that lacks a screen. Currently in its infancy, the project is still shaping its designs, while OpenAI also considers partnership opportunities.

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Story summary

OpenAI is eyeing a potential acquisition of Jony Ive's innovative AI hardware startup, io Products, with a price tag of at least $500 million. Launched in 2023, this ambitious venture is set to revolutionize technology with AI-driven devices, including a groundbreaking "phone" that lacks a screen. Currently in its infancy, the project is still shaping its designs, while OpenAI also considers partnership opportunities.