Altman and Ive announced OpenAI’s acquisition of Ive’s io in a statement Wednesday, with the deal valued at roughly $6.5 billion after OpenAI acquired 23% of io in a partnership deal in 2024.

OpenAI is acquiring Jony Ive and Sam Altman's startup, io, which will lead creative and design work for OpenAI.

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

OpenAI forms a new hardware division with the io team, led by Jony Ive, to develop AI-native devices, possibly launching a voice-first product as early as 2026.

OpenAI is acquiring io, the product-development startup founded by Apple design guru Jony Ive, in a $6.5 billion deal.

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.

With Ive leading design, OpenAI aims to pair the tech behind its ChatGPT chatbot with product design expertise that made the iPhone a bestseller.

And OpenAI entered a corporate partnership with The Atlantic last year.) Read: The great AI lock-in has begun Moving into hardware could become OpenAI’s most technologically disruptive, and financially lucrative,

Apple designer Jony Ive's AI hardware startup, IO, in a deal worth nearly $6.5 billion. Ive previously worked with Sam Altman.

The takeover will bring approximately 55 hardware engineers, software developers, and manufacturing experts to OpenAI.

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.