AI Devices AI News & Updates

OpenAI Acquires Jony Ive's Design Company for $6.5B, Aims to Create AI-Powered Consumer Devices

OpenAI has acquired io, a joint venture between CEO Sam Altman and former Apple designer Jony Ive, for $6.5 billion in an all-equity deal. Ive will lead creative and design work at OpenAI, focusing on developing AI-powered consumer devices that move beyond traditional screens. The collaboration aims to create a new generation of AI computers, with Ive's team of 55 specialists joining OpenAI while he retains control of his independent design firm LoveFrom.

OpenAI Considers $500 Million Acquisition of Altman-Ive AI Hardware Startup

OpenAI is reportedly considering acquiring io Products, an AI hardware startup co-founded by former Apple design chief Jony Ive and OpenAI CEO Sam Altman, for approximately $500 million. The startup, which has received funding from Emerson Collective, is developing AI-enabled devices including smart home gadgets with a goal of creating products that are "less socially disruptive than the iPhone."