OpenAI, Jony Ive in talks to raise $1 billion from SoftBank for AI device venture - FT

FILE PHOTO: OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - OpenAI is in advanced talks with former Apple designer Jony Ive and SoftBank's Masayoshi Son to build the "iPhone of artificial intelligence", fuelled by more than $1 billion in funding from the Japanese conglomerate, the Financial Times reported on Thursday.

(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Rashmi Aich)