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The Verge

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Image Credit: The Verge

OpenAI closes its deal to buy Jony Ive’s io and build AI hardware

  • OpenAI has finalized its acquisition of io, the hardware startup co-founded by Jony Ive, for nearly $6.5 billion.
  • The initial announcement of the acquisition was removed from OpenAI's site due to a trademark lawsuit from another startup, Iyo.
  • Following the completion of the acquisition, the io Products Inc. team has merged with OpenAI, while Jony Ive and LoveFrom remain independent with design responsibilities.
  • The deal aims to create specialized AI hardware, although a video announcement featuring OpenAI's CEO and Jony Ive has been removed from the website and social media due to the lawsuit.

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