Thursday, 22 May, 2025
OpenAI Acquires Jony Ive’s AI Hardware Startup io for $6.4B to Drive AI-Integrated Device Innovation
OpenAI is set to acquire io, the AI hardware startup founded by former Apple design chief Jony Ive, in a $6.4 billion all-equity deal. This marks OpenAI's largest acquisition to date, aimed at developing AI-integrated consumer devices. Ive and his design firm LoveFrom will assume significant creative roles within OpenAI, signaling a strategic move to blend advanced AI capabilities with innovative hardware design.
Read full story at Economic Times