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Bloomberg Quint

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Image Credit: Bloomberg Quint

OpenAI Acquires Apple Veteran Jony Ive’s AI Startup In $6.5 Billion Deal, Pushes Into Hardware

  • 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.

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