OpenAI, Jony Ive and Sam Altman
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OpenAI is acquiring Jony Ive and Sam Altman's startup, io, which will lead creative and design work for OpenAI.
Jony Ive, Apple’s former head of design, will take over design at OpenAI after the Sam Altman-led company acquired Ive’s hardware startup in a deal valued at $6.5 billion, with the new pairing expected to unveil a product within the next year as a potential competitor to Ive’s former employer.
Jony Ive and his design firm LoveFrom will assume design and creative responsibilities across both OpenAI and io going forward.
OpenAI is acquiring io, the product-development startup founded by Apple design guru Jony Ive, in a $6.5 billion deal.
The deal reportedly values one-year-old io Products at $6.5 billion. OpenAI, which already has a 23% stake in the startup as a result of an earlier investment, will pay $5 billion worth of shares for the remaining 77%. The transaction is expected to close this summer.
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New York Magazine on MSNOpenAI’s Huge Bet on the iPhone GuyWe find out from Ive that Altman is a “rare visionary.” We hear from Altman that Ive is “the deepest thinker over anyone [he’s] ever met.” We’re told by Altman that Ive’s design firm is the “densest collection of talent that I’ve ever heard of in one place and probably has ever existed in the world.
OpenAI has announced its acquisition of io, the AI hardware startup founded by former Apple design chief Jony Ive. OpenAI CEO Sam Altman struck a landmark $6.5 billion USD all-stock deal, marking this OpenAI’s largest acquisition to date and a significant move into the consumer hardware market.
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