The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

OpenAI CEO Sam Altman called Jony Ive "the greatest designer in the world" on Wednesday after announcing his company's plan to buy Ive's artificial intelligence device startup io, in a deal worth $6.4 billion.

Jony Ive's career was mainly at Apple, designing products like the iPhone and Mac. Now he'll work at OpenAI, which bought his AI device startup io.

Stocked with ex-Apple talent, io, LoveFrom, and OpenAI are assembling to develop the future of AI products.

Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.

Details have leaked about the device that OpenAI is developing with former Apple designer Jony Ive. OpenAI is acquiring io, the hardware-based

The leaders of OpenAI and Google have been living rent-free in each other’s heads since ChatGPT caught the world by storm. Heading into this week’s I/O, Googlers were on edge about whether Sam Altman would try to upstage their show like last year, when OpenAI held an event the day before to showcase ChatGPT’s advanced voice mode.

Former Apple design chief Jony Ive and OpenAI CEO Sam Altman are building a mystery ChatGPT device. The interwebs have come alive with gadget guesses, renders, and memes. OpenAI is trying to challenge Apple and Google by redefining AI interaction with new ...