OpenAI acquires Apple veteran Jony Ive's AI startup 'io' in a $6.5 billion all-stock purchase, the largest in OpenAI history.
The acquisition includes about 55 engineers and developers, with the aim of expanding OpenAI into the hardware market for AI-powered products.
Jony Ive, known for iconic Apple designs like the iPhone, iMac, and iPad, will merge his creative collective LoveFrom with OpenAI and io for deep design duties.
The partnership between OpenAI and Jony Ive's team is expected to result in the release of OpenAI's first hardware products in 2026.