OpenAI Explores Acquisition of AI Hardware Startup Linked to CEO Sam Altman

OpenAI is reportedly considering a $500 million acquisition of io Products, a startup developing AI-powered personal devices in collaboration with Sam Altman and former Apple designer Jony Ive. According to The Information, the potential deal would include a team of engineers behind early concepts such as a screenless “phone” and AI-enabled household devices — still in the design phase.

The move would mark OpenAI’s push deeper into consumer AI hardware, potentially challenging Apple, a key partner. It also follows Altman and Ive’s 2023 effort to reimagine personal computing through AI. The report suggests this acquisition aligns with OpenAI’s broader ambitions, which now span from AI software and chips to robotics and direct consumer interfaces.

Need Deeper Intelligence on the AI Market?

AI Insider's Market Intelligence platform tracks funding rounds, competitive landscapes, and technology trends across the global AI ecosystem in real time. Get the data and insights your organization needs to make informed decisions.

Related Articles

a computer circuit board with a brain on it
The Top 15 AI Agent Platforms & Frameworks You Need to Know in 2026

Artificial intelligence is moving from the lab bench to the production floor, and the companies enabling that transition are building the infrastructure that defines how

a neon neon sign that is on the side of a wall
Odyssey Closes $310M Series B at $1.45B Valuation as Amazon Backs World Model AI Push

Odyssey, the world model AI startup founded by autonomous vehicle veterans Oliver Cameron and Jeff Hawke, has closed a $310 million Series B round at

close up of stacked hundred dollar bills
Coram AI Announces $35M Series B to Accelerate the Future of AI-Native Physical Security

Insider Brief PRESS RELEASE — Coram AI, the AI-native physical security platform, has raised $35 million in Series B funding, bringing its total capital raised

Stay Updated with AI Insider

Get the latest AI funding news, market intelligence, and industry insights delivered to your inbox weekly.

$ 0 M

Seed round tracked

Gitar — Code Validation

Get the Weekly Briefing

Funding analysis, market intelligence, and industry trends delivered to your inbox every week.

Need bespoke intelligence?

Our team combines real-time data with decades of sector experience to guide your decisions.

Subscribe today for the latest news about the AI landscape