Microsoft (MSFT)-backed OpenAI has discussed acquiring the AI hardware startup that former Apple (AAPL) design lead Jony Ive is building with OpenAI CEO Sam Altman, The Information’s Stephanie Palazzolo and Jessica E. Lessin report. OpenAI could pay around $500M for io Products, according to the report.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- ‘Shelter From the Storm,’ Says Investor About Microsoft Stock
- Warner Bros’ A Minecraft Movie Smashes Box Office Estimates, Increasing Sequel Potential
- Home Depot nominates Asha Sharma for election to board of directors
- Microsoft JV Wicresoft to cease China operations, lay off 2,000, Reuters reports
- Black Monday 2.0? Trump Tariffs Spark Fear of Global Stock Market Havoc on April 7
