Altman, OpenAI
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Did Sam Altman just figure out what AI's been missing? Or did he get locked into the very thinking he's spent his career avoiding?
OpenAI is acquiring Jony Ive and Sam Altman's startup, io, which will lead creative and design work for OpenAI.
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 io, the product-development startup founded by Apple design guru Jony Ive, in a $6.5 billion deal.
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.
Ive is joining OpenAI, hoping to create another transformative piece of personal technology. Can lightning strike twice?
With Ive leading design, OpenAI aims to pair the tech behind its ChatGPT chatbot with product design expertise that made the iPhone a bestseller.
As part of a new partnership, G42, an Emirati A.I. firm, will also help fund OpenAI’s new computer facilities in the United States.
Key Takeaways OpenAI grew rapidly after ChatGPT went viral in late 2022, earning $1.6 billion in 2023 and targeting $13 billion in 2025 revenue.The company is h