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OpenAI Acquires AI Devices Company Founded by iPhone Designer Jony Ive for $6.5 Billion
OpenAI is acquiring io, the product-development startup founded by Apple design guru Jony Ive, in a $6.5 billion deal.
OpenAI CEO Sam Altman has struck a deal to acquire io, the product-development startup founded by Jony Ive — the former Apple employee who designed the iPhone — in a deal valued at $6.5 billion. The pact will merge Ive’s io team, which is “focused on developing products that inspire, empower and enable,” with OpenAI “to work more intimately with the research, engineering and product teams in San Francisco,” OpenAI said in announcing the deal. Ive was the driving force behind many of the company’s products, including the iPhone, the iPod and the iMac.
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