OpenAI is acquiring Jony Ive’s AI startup “io” for $6.5 billion in an all-stock deal, the biggest acquisition for OpenAI to date.
About 55 employees from Jony Ive’s AI startup firm will join OpenAI to work on AI-powered devices, with the first product expected to launch in 2026.
The “io” startup was co-founded by Ive alongside former Apple engineers and is part of LoveFrom, Ive’s independent creative design company.
OpenAI’s first hardware product will be a pocket-sized, contextually aware, and screen-free device, aiming to complement laptops and smartphones by being fully aware of the user’s surroundings.