02:49 PM EDT, 04/07/2025 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is interested in buying the startup of its CEO Sam Altman and Jony Ive, which is developing an artificial intelligence-powered household device, The Information reported, citing two sources close to the deal talks.

OpenAI reportedly offered at least $500 million for a complete buyout at one point. Current discussions also include partnership options, the news outlet quoted one of the sources as saying.

A buyout deal would include the AI design and the engineers working on it. Potential designs, which are still in early stages, could be a phone without a screen or other AI-enabled household devices, according to the news report.

OpenAI didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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