OpenAI is buying Jony Ive's AI hardware company2025-05-21 15:28 by DanielaTags: OpenAI
OpenAI said on Wednesday that it's buying Jony Ive's AI devices startup io for about $6.4 billion in an all-equity deal that includes its current stake in the company. Ive is taking on "deep creative and design responsibilities across OpenAI and io," OpenAI said in a statement. The company said that it is merging with OpenAI, while Ive and his "creative collective" called LoveFrom will stay independent. In a blog post on Wednesday from OpenAI CEO Sam Altman and Ive, the pair said that io was founded a year ago by Ive, along with Apple alumni Scott Cannon, Tang Tan and Evans Hankey, who briefly took over Ive's role at Apple after he departed. "The io team, focused on developing products that inspire, empower and enable, will now merge with OpenAI to work more intimately with the research, engineering and product teams in San Francisco," the post said. The purchase is by far OpenAI's largest and comes weeks after the company agreed to buy AI-assisted coding tool Windsurf for $3 billion. Prior to that, OpenAI acquired analytics database company Rockset for an undisclosed sum in 2024. Read more -here-
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