OpenAI has confirmed its acquisition of io Products, the hardware startup co-founded by former Apple executive Jony Ive, in a strategic move to expand its footprint in the AI hardware sector. This partnership, which has been in development for some time, was announced in a joint statement from Sam Altman and Jony Ive on Wednesday, marking a significant milestone in OpenAI’s growth trajectory.
The $6.5 billion deal is designed to create consumer-facing AI devices that merge cutting-edge artificial intelligence with exceptional design. While Jony Ive’s independent firm LoveFrom will continue to operate separately, the io Products team is now integrated into OpenAI, with Ive set to play a key role in guiding the creative direction of the new AI-driven products.
OpenAI’s interest in collaborating with Ive was first communicated in May. Now that the merger is official, both companies have expressed enthusiasm about the potential of their alliance, attracting significant attention within the tech community. Speculations are rife about the nature of their first joint product, with indications pointing towards a compact device rather than a wearable.
This upcoming device promises a more intuitive AI experience, emphasizing contextual awareness to transform user interactions with technology. The collaboration between these two innovative leaders is poised to redefine the landscape of tech products, and excitement continues to build around the possibilities that lie ahead.
