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OpenAI Acquires Jony Ive's Startup for $6.5 Billion

5/24/2025

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Summary

Story summary

OpenAI has acquired Jony Ive's AI hardware startup, io, for $6.5 billion, expanding into consumer hardware.
The collaboration focuses on developing innovative, screenless AI devices for everyday use.
Jony Ive, a former Apple designer with over 12,000 patents, stands to gain significantly from this deal.
This acquisition positions OpenAI to compete with major tech players like Apple and Google in the AI sector.

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Story summary

OpenAI has acquired Jony Ive's AI hardware startup, io, for $6.5 billion, expanding into consumer hardware.
The collaboration focuses on developing innovative, screenless AI devices for everyday use.
Jony Ive, a former Apple designer with over 12,000 patents, stands to gain significantly from this deal.
This acquisition positions OpenAI to compete with major tech players like Apple and Google in the AI sector.