OpenAI to buy iPhone designer Jony Ive’s AI devices startup

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OpenAI said it will buy Jony Ive’s AI devices startup io in an all-equity deal for $6.4 billion, including its current stake in the company, according to a report by the Financial Times.

Ive and the his creative collective Loveform started collaborating with OpenAI and Sam Altman two years ago, the ChatGPT maker said in a statement. The startup io was created to one year ago to develop, engineer and manufacture a new family of products.

This family of products will allow people to use AI “to create all sorts of wonderful things”, Altman said in a…



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OpenAI to buy iPhone designer Jony Ive’s AI devices startup


OpenAI said it will buy Jony Ive’s AI devices startup io in an all-equity deal for $6.4 billion, including its current stake in the company, according to a report by the Financial Times.

Ive and the his creative collective Loveform started collaborating with OpenAI and Sam Altman two years ago, the ChatGPT maker said in a statement. The startup io was created to one year ago to develop, engineer and manufacture a new family of products.

This family of products will allow people to use AI “to create all sorts of wonderful things”, Altman said in a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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