
'The Coolest Piece of Technology the World Has Ever Seen': OpenAI Is Acquiring Former Apple Designer Jony Ive's Startup for $6.4 Billion
Sherin Shibu
created: May 21, 2025, 6:27 p.m. | updated: May 22, 2025, 5:59 p.m.
It's a sign that OpenAI is seriously working on consumer devices embedded with AI.
OpenAI is buying io, an AI device startup founded by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI attempts to define the AI-powered devices market.
OpenAI acquired a 23% stake in io last year and invested in the startup at that time.
While both were quiet about the details of a family of new AI products, they teased that the products were groundbreaking and would arrive sometime next year.
Altman has explored AI devices before.
2 weeks, 3 days ago: Entrepreneur