OpenAI to buy Jony Ive’s io Products for $6.5bn

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OpenAI is set to acquire former Apple design chief Jony Ive’s hardware start-up io Products for about $6.5bn, according to people familiar with the matter.

Sam Altman’s AI venture is one of a number of companies betting on alternatives to the smartphone as the predominant device to access AI.  

Ive, the designer behind many of Apple’s best-known products, left the company in 2019 after almost three decades.

During that time, he formed a close relationship with co-founder Steve Jobs and oversaw the rollout of the iPod, iPhone, MacBook and Apple Watch.

OpenAI has a high-profile partnership with Apple, which integrated ChatGPT into its voice assistant and writing tools in December as part of an artificial intelligence overhaul of its products dubbed “Apple Intelligence”.

This is a developing story

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