OpenAI could reportedly acquire Jony Ive’s AI device startup for $500M+ – SiliconANGLE

OpenAI is reportedly considering buying a consumer electronics startup led by Jony Ive, Apple Inc.’s former Chief Design Officer.

The Information late Sunday cited sources as saying that the deal could be worth more than $500 million. However, the insiders cautioned that OpenAI may eventually opt for a partnership instead of an acquisition. Ive’s company, which is called io Products, is believed to be developing a phone-like device with artificial intelligence features and no…