Is OpenAI Building the Next iPhone? Jony Ive & $6.5 Billion Investment Spark AI Device Revolution
Could OpenAI, the creators of ChatGPT, be on the verge of launching an iPhone rival? Reports indicate that OpenAI is buying Jony Ive's startup io Products in a staggering $6.5 billion deal, signaling a bold leap into the hardware arena. OpenAI’s hiring of legendary former Apple design boss Jony Ive is a $6.5 billion move to dominate the AI age by creating the next iPhone. The designer behind the iPhone is now shaping OpenAI’s future.
In its most ambitious move yet, OpenAI has acquired the hardware startup io for a staggering $6.4 billion. The unproven company was founded by legendary Apple designer Jony Ive. OpenAI is buying Jony Ive’s hardware startup io for $6.5 billion to develop a new A.I.-native device that could redefine personal technology. OpenAI announced plans on Wednesday to acquire io, the artificial intelligence startup launched by former Apple design head Jony Ive.
The deal, structured as a $6.4 billion equity deal, sees OpenAI acquiring the startup io, the hardware venture led by legendary Jony Ive. This strategic acquisition, with OpenAI said Wednesday that it's buying Jony Ive's AI devices startup io for about $6.4 billion in an all-equity deal, pushes the artificial intelligence company firmly into device development. OpenAI will bring the chief designer of early iPhones on board as creative head to develop devices tailored for artificial intelligence. The investment of $6.4 - $6.5 billion underscores OpenAI's serious commitment to building an AI-powered device, potentially an iPhone competitor, under Ive's design leadership.