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

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OpenAI said it is planning to buy Jony Ive’s AI devices startup io in an all-equity deal for $6.4 billion. This includes its current stake in the company.

The AI major stated that io is merging with OpenAI, while Ive and his “creative collective” called LoveFrom will stay independent.

Ive is taking on “deep creative and design responsibilities across OpenAI and io,” OpenAI said in a statement.

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


OpenAI said it is planning to buy Jony Ive’s AI devices startup io in an all-equity deal for $6.4 billion. This includes its current stake in the company.

The AI major stated that io is merging with OpenAI, while Ive and his “creative collective” called LoveFrom will stay independent.

Ive is taking on “deep creative and design responsibilities across OpenAI and io,” OpenAI said in a statement.

Discover the stories of your interest

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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