OpenAI has acquired Jony Ive’s AI devices startup io in an all-equity deal valued at $6.4 billion, according to CNBC. Former Apple design chief Jony Ive founded the company. The io team will merge with OpenAI to collaborate closely with its research, engineering, and product teams in San Francisco. OpenAI is paying $5 billion in the deal, with Altman calling Ive “the greatest designer in the world.” The acquisition of io is OpenAI’s largest to date. It follows recent deals to acquire Windsurf for $3 billion and Rockset for an undisclosed amount.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI has acquired Joni Ive's AI devices startup I.O. in an all-equity deal valued at $6.4 billion, according to CNBC.
00:09Former Apple Design Chief Joni Ive founded the company.
00:12The I.O. team will merge with OpenAI to collaborate closely with its research, engineering, and product teams in San Francisco.
00:18OpenAI is paying $5 billion in the deal, with all been calling Ive the greatest designer in the world.
00:23The acquisition of I.O. is OpenAI's largest to date.
00:26Files recent deals to acquire Windsor for $3 billion and Roxette for an undisplosed amount.
00:31For all things money, visit Benzinga.com slash GSTV.