The Entrepreneurs Weekly
No Result
View All Result
Sunday, June 22, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

OpenAI Is Purchasing Apple Designer Jony Ive’s AI Startup io | Entrepreneur

by Brand Post
May 21, 2025
in Business
0
OpenAI Is Purchasing Apple Designer Jony Ive’s AI Startup io | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


OpenAI is buying io, an AI device startup founded by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI attempts to define the AI-powered devices market. OpenAI acquired a 23% stake in io last year and invested in the startup at that time.

The acquisition is the largest in OpenAI’s history and was announced on Wednesday, mere weeks after OpenAI agreed to buy AI-assisted coding tool Windsurf for about $3 billion. The deal is intended to spark a new generation of products for a future where AI technology attains or surpasses human intelligence.

As part of the acquisition, Ive and his team of about 55 engineers, designers, and researchers will join OpenAI in creative and design roles that allow them to shape AI devices for consumers. They will build hardware that helps people interact with ChatGPT more intuitively, without having to go on a web browser or an app on their phones.

Jony Ive. Photo by Lia Toby/BFC/Getty Images

OpenAI CEO Sam Altman and Ive have been collaborating for two years on a secretive project to move people beyond screens and into other types of AI-powered devices. The Wall Street Journal reports that the two have been considering AI headphones and other gadgets with cameras.

Related: Saying ‘Please’ and ‘Thank You’ to ChatGPT Costs OpenAI ‘Tens of Millions of Dollars’

In a release video on Wednesday announcing the deal, Altman called Ive “the deepest thinker of anyone I’ve ever met,” and Ive complimented Altman in turn, calling him “a visionary.”

“I think we have the opportunity here to completely reimagine what it means to use a computer,” Altman said in the video.

While both were quiet about the details of a family of new AI products, they teased that the products were groundbreaking and would arrive sometime next year. Altman went as far as to call one unnamed product he interacted with “the coolest piece of technology the world has ever seen.”

Related: These Are the Most (and Least) Biased AI Models, According to a New Study

Ive started working at Apple in 1992 and played a crucial role in designing the iPhone, iPad, iMac, and other Apple products. He left in 2019 to create his own design firm, LoveFrom, which has since landed deals with Airbnb and Ferrari.

Altman has explored AI devices before. In 2020, he invested in the startup Humane, which developed an Ai Pin that fell flat with consumers due to overheating issues and a lagging interface.

OpenAI reported last month that ChatGPT had 500 million global weekly users.

OpenAI is buying io, an AI device startup founded by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI attempts to define the AI-powered devices market. OpenAI acquired a 23% stake in io last year and invested in the startup at that time.

The acquisition is the largest in OpenAI’s history and was announced on Wednesday, mere weeks after OpenAI agreed to buy AI-assisted coding tool Windsurf for about $3 billion. The deal is intended to spark a new generation of products for a future where AI technology attains or surpasses human intelligence.

As part of the acquisition, Ive and his team of about 55 engineers, designers, and researchers will join OpenAI in creative and design roles that allow them to shape AI devices for consumers. They will build hardware that helps people interact with ChatGPT more intuitively, without having to go on a web browser or an app on their phones.

The rest of this article is locked.

Join Entrepreneur+ today for access.



Source link

Tags: AppleArtificial IntelligenceBusiness NewsChatbotsChatGPTDesignerDevicesentrepreneurIvesJonyJony IveNews and TrendsOpenAIPurchasingSam AltmanScience & TechnologystartupTechnology

Related Posts

This 0 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs | Entrepreneur
Business

This $180 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs | Entrepreneur

June 21, 2025
How to Turn Bad Reviews Into Great News For Your Business | Entrepreneur
Business

How to Turn Bad Reviews Into Great News For Your Business | Entrepreneur

June 21, 2025
Tackle Decision Fatigue With This CEO-Worthy AI Tool | Entrepreneur
Business

Tackle Decision Fatigue With This CEO-Worthy AI Tool | Entrepreneur

June 21, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
This 0 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs | Entrepreneur

This $180 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs | Entrepreneur

June 21, 2025
Tackle Decision Fatigue With This CEO-Worthy AI Tool | Entrepreneur

Tackle Decision Fatigue With This CEO-Worthy AI Tool | Entrepreneur

June 21, 2025
How to Turn Bad Reviews Into Great News For Your Business | Entrepreneur

How to Turn Bad Reviews Into Great News For Your Business | Entrepreneur

June 21, 2025
The Best Defense Against Uncertainty Isn’t a Single Strategy — It’s a Mindset | Entrepreneur

The Best Defense Against Uncertainty Isn’t a Single Strategy — It’s a Mindset | Entrepreneur

June 20, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In