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.

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

OpenAI said it was buying IO, a start-up founded by Mr. Ive, the designer of the iPhone, to usher in a new era of artificial intelligence hardware.

OpenAI is acquiring io, the hardware-based AI startup co-created by Jony Ive, OpenAI announced today. Ive has been working with OpenAI CEO Sam

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.

OpenAI just made its biggest move yet — buying Jony Ive's AI startup — with hopes of building something that feels as magical as the first iPhone.

Here’s what we know: it’s probably not smart glasses. Beyond that, we don’t know much about what Jony Ive and OpenAI are building through their newly combined company io, except that it’s some kind of AI super-gadget. But after a couple of years of watching the industry try and shove AI into every form factor you can imagine, we have some guesses.

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.