OpenAI is set to acquire Jony Ive’s hardware start-up io Products for about $6.5B, people familiar with the matter told Financial Times’ Michael Acton, Cristina Criddle and George Hammond. Ive, the designer behind many of Apple’s (AAPL) best-known products, left the company in 2019 after almost three decades, the report noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Walmart Stock (WMT) Wobbles on Leak That it Prefers Microsoft to Google
- Nvidia’s Quantum Power Play: Why NVDA Is Quietly Positioning Itself for the Next Big Tech Windfall
- Super Micro (SMCI) Rides the AI Wave, but Hints at Trouble Ahead
- Microsoft’s Strategic Positioning and Growth Potential Highlighted in Buy Rating by Tyler Radke
- OpenAI’s Texas data center secures $11.6B in funding, WSJ reports