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OpenAI is buying Jony Ive’s AI startup “io” for $6.5 billion in an all-stock deal. This marks OpenAI’s largest acquisition thus far and is a transparent push for the ChatGPT maker into {hardware}. The deal must be finalized later this summer season pending regulatory approval.
A reported 55 staff from Jony Ive’s AI startup agency, “io” will be a part of OpenAI workforce to work on AI-powered gadgets. The primary product from the collaboration is anticipated to launch in 2026. OpenAI and Ive’s “io” agency have been collaborating for the previous two years.
The “io” startup, which is a part of LoveFrom – Ive’s impartial inventive design firm, which he launched in 2019, was co-founded final yr by Ive alongside former Apple engineers Scott Cannon, Evans Hankey and Tang Tan.
OpenAI posted a joint interview/announcement video the place Ive and OpenAI CEO Sam Altman discuss constructing a “household of gadgets”. There’s not way more we are able to make out from the practically 10-minute video.
In keeping with a Wall Avenue Journal report (paywalled), OpenAI’s first {hardware} product can be a “pocket-sized, contextually conscious and screen-free machine”. It received’t be sensible glasses or every other sort of wearable, and can be totally conscious of the person’s environment. The report refers back to the upcoming OpenAI gadgets as a third-core machine that’s meant to enhance your laptop computer and smartphone.