<ul><li>OpenAI is acquiring io Products Inc., a consumer electronics startup led by former Apple Inc. Chief Design Officer Jony Ive, in a $6.5 billion all-stock deal.</li><li>The deal values io Products at $6.5 billion, with OpenAI paying $5 billion worth of shares for the remaining 77% stake. The acquisition is expected to close this summer.</li><li>Ive will assist OpenAI in developing AI-powered computers, leveraging his design expertise from his time at Apple. The transaction involves Ive's design studio, LoveFrom Inc., and its clients like Airbnb and Ferrari.</li><li>OpenAI and Ive are working on new consumer devices, including a pair of headphones, that are set to launch next year. The acquisition follows OpenAI's recent purchase of Windsurf, a developer tooling startup.</li></ul>

OpenAI acquires Jony Ive’s io Products in $6.5B all-stock deal

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