OpenAI Acquires AI Device Startup Founded by Former Apple Design Chief

Jul 09, 2025

OpenAI has announced its acquisition of the AI device startup io, founded by former Apple (AAPL, Financial) design chief Jony Ive, in a landmark all-stock transaction valued at nearly $6.5 billion. This strategic move represents OpenAI's largest acquisition to date and marks a significant step in its expansion into the hardware sector. The deal establishes a dedicated division within OpenAI focused on the development of AI devices, further solidifying its presence and capabilities in this domain.

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