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OpenAI closes its deal to buy Jony Ive’s io and build AI hardware
The Verge
·
1m ago
Medial
OpenAI has completed its $6.5 billion acquisition of io Products Inc., co-founded by former Apple designer Jony Ive. The deal aims to merge OpenAI's ChatGPT technology with new hardware, although legal issues with Iyo, a Google-related startup, required adjustments to the original announcement. Ive and his design company LoveFrom will provide design expertise for the newly integrated team, which will focus on developing impactful, empowering products alongside OpenAI's existing teams in San Francisco.
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OpenAI and Jony Ive’s ‘io’ brand has vanished, but their AI hardware deal remains
The Verge
·
2m ago
Medial
OpenAI has removed references to its collaboration with Jony Ive's hardware startup, io, from its platforms due to a trademark lawsuit from a hearing device company, Iyo. Despite this, OpenAI affirms their deal with io is still proceeding following their $6.5 billion acquisition plan for AI hardware development. The lawsuit has temporarily halted promotions, including an announcement post and a video featuring Ive and OpenAI CEO Sam Altman, pending resolution.
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OpenAI is buying Jony Ive’s AI hardware company
The Verge
·
3m ago
Medial
OpenAI is acquiring Jony Ive’s AI hardware company, io, in a deal valued at nearly $6.5 billion. Around 55 employees, including notable former Apple engineers, will join OpenAI. Jony Ive’s design firm, LoveFrom, will lead design for OpenAI’s software but will remain independent. The partnership aims to innovate technology that could reshape the landscape. The first products from this collaboration are expected in 2026, introducing novel concepts rather than competing directly with existing tech.
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OpenAI in talks to acquire Jony Ive’s AI startup for $500M
YourStory
·
4m ago
Medial
OpenAI is in discussions to acquire io Products, an AI hardware startup co-founded by Jony Ive and Sam Altman, potentially for over $500 million. Io Products is developing AI-enabled consumer devices like a screenless phone. The acquisition would allow OpenAI to expand its revenue sources beyond its current offerings. Additionally, OpenAI is exploring partnerships with io Products, which includes former Apple designers. The startup has attracted investments, including backing from Laurene Powell Jobs.
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Jony Ive Partners With OpenAI and Sam Altman in $6.4 Billion Deal to Develop AI Hardware Startup io Valued at $6.5 Billion | DeepNewz VC
deepnewz
·
2m ago
Medial
Jony Ive's AI hardware startup, io, has been valued at $6.5 billion following an all-stock deal with OpenAI. This collaboration with OpenAI's Sam Altman is poised to be highly lucrative for Ive, the designer of the iPhone.
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Sam Altman's partnership with Jony Ive furthers OpenAI's hardware ambitions
Economic Times
·
3m ago
Medial
OpenAI has acquired Jony Ive's AI startup, io, for $6.5 billion, marking its entry into hardware. The collaboration aims to create AI-specific devices, enhancing OpenAI's integrated approach from AI model development to hardware. This move positions OpenAI against tech giants like Google, Microsoft, and Amazon, already advancing in vertically integrated AI solutions. Despite Apple's AI integration in products, it lags in AI-specific hardware, even partnering with OpenAI to enhance Siri amidst its struggles.
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OpenAI pulls promotional materials around Jony Ive deal due to court order | TechCrunch
TechCrunch
·
2m ago
Medial
OpenAI has removed promotional materials regarding its $6.5 billion deal to acquire designer Jony Ive's startup io due to a court order following a trademark complaint from iyO over the use of the name "io." OpenAI maintains that the deal is still on track and unaffected by the legal issue. The complaint arose from potential consumer confusion with iyO, a startup spun from Alphabet X, who also sued OpenAI over the trademark.
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OpenAI CEO calls IYO’s trademark lawsuit ‘silly, disappointing and wrong’ - The Economic Times
Economic Times
·
1m ago
Medial
OpenAI CEO Sam Altman criticized a lawsuit by hardware startup IYO over trademark infringement, calling it "silly, disappointing, and wrong." IYO alleged that OpenAI's acquisition of io, an AI startup led by Jony Ive, infringes on its trademark due to name similarity. Altman shared emails by IYO’s CEO seeking investment from OpenAI, suggesting the lawsuit was a reaction to unfulfilled acquisition desires. A US court allowed the case to proceed in October.
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Google and OpenAI can’t stop messing with each other
The Verge
·
3m ago
Medial
OpenAI and Google continue their AI rivalry with strategic announcements right before and after each other’s major events. OpenAI’s acquisition of the “io” hardware division from Jony Ive’s design studio, LoveFrom, shifted attention away from Google’s strong I/O presentation. While OpenAI excels at capturing public interest, Google’s AI models are technically advanced. OpenAI’s latest move involves hiring 55 LoveFrom team members, including notable ex-Apple designers, further intensifying the competition.
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Klarna CEO and Sutter Hill take victory lap after Jony Ive's OpenAI deal | TechCrunch
TechCrunch
·
3m ago
Medial
OpenAI acquired Jony Ive’s company, io, in a $6.5 billion all-stock deal, causing excitement among previous investors. Klarna CEO Sebastian Siemiatkowski announced that his investment firm, Flat Capital, had invested in io, and will now receive OpenAI shares, resulting in a substantial return. Similarly, Luke Wroblewski, a managing director at Sutter Hill Ventures, tweeted about their investment in io, indicating that Sutter was a significant investor before removing his posts. Other backers included Emerson Collective and Thrive Capital.
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Court filings reveal OpenAI and io's early work on an AI device | TechCrunch
TechCrunch
·
2m ago
Medial
Court filings reveal OpenAI and Jony Ive’s io are collaborating on AI hardware, facing a trademark dispute with startup iyO. They've researched in-ear devices extensively, yet their initial product remains unspecified. OpenAI aims to create a third device for consumers, beyond smartphones and laptops, with environmental awareness. Despite interest in in-ear tech, OpenAI's final product may differ, hinting at diverse form factors and applications. The project is over a year from market launch.
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