consumer hardware 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.