Jony Ive, Sam Altman
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Sam Altman and OpenAI announced a $6.4 billion deal on Wednesday to buy io, the AI hardware startup of Apple's former chief design officer Jony Ive.
OpenAI is acquiring Jony Ive and Sam Altman's startup, io, which will lead creative and design work for OpenAI.
Altman and Ive announced OpenAI’s acquisition of Ive’s io in a statement Wednesday, with the deal valued at roughly $6.5 billion after OpenAI acquired 23% of io in a partnership deal in 2024.
OpenAI forms a new hardware division with the io team, led by Jony Ive, to develop AI-native devices, possibly launching a voice-first product as early as 2026.
AI gadgets are back, baby! Or that’s what Jony Ive and Sam Altman hope. Well, they may not really hope they’re back as much as they hope they’re not completely and utterly cooked. ICYMI, Ive and OpenAI’s CEO,
I really hope OpenAI's new hardware doesn't make me talk to myself in public.
Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.
OpenAI has fully acquired Io, a joint venture it cocreated last year with Jony Ive, the famed British designer behind the sleek industrial aesthetic that defined the iPhone and more than two decades of Apple products.