OpenAI to acquire AI startup io from Jony Ive in $6.5 billion deal

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OpenAI is set to acquire io, an AI device startup co-founded by Apple veteran Jony Ive, in a $6.5 billion all-stock deal, marking its largest acquisition to date. The move signals OpenAI’s push into AI-powered hardware, securing Ive’s expertise alongside former Apple designers who helped shape iconic products like the iPhone, iPod, iPad, and Apple Watch.

“I have a growing sense that everything I’ve learned over the last 30 years has led me to this place and to this moment,” Ive said in an interview with OpenAI CEO Sam Altman, calling their…



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OpenAI to acquire AI startup io from Jony Ive in $6.5 billion deal


OpenAI is set to acquire io, an AI device startup co-founded by Apple veteran Jony Ive, in a $6.5 billion all-stock deal, marking its largest acquisition to date. The move signals OpenAI’s push into AI-powered hardware, securing Ive’s expertise alongside former Apple designers who helped shape iconic products like the iPhone, iPod, iPad, and Apple Watch.

“I have a growing sense that everything I’ve learned over the last 30 years has led me to this place and to this moment,” Ive said in an interview with OpenAI CEO Sam Altman, calling their…



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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