OpenAI to Buy AI Device Startup From Apple Veteran Jony Ive
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Tech's past and future walk into a San Francisco cafe. That's the conceit behind a new video starring legendary Apple designer Jony Ive and OpenAI CEO Sam Altman, who on Wednesday announced a $6.5 billion deal that will see the ChatGPT-maker gobble up Ive's nascent device startup.
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OpenAI has fully acquired Io, a joint venture it cocreated last year with Jony Ive, the famed British designer behind the sleek industrial aesthetic that defined the iPhone and more than two decades of Apple products.
Sam Altman’s OpenAI, the company behind global phenomenon ChatGPT, has made a groundbreaking AUD $9.9 billion purchase, acquiring a fledgling devices company started by a former iPhone designer — a deal that was announced with much aplomb by the two tech founders.
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“Now that the Company has a new plan, I intend to review it for compliance with Delaware law by ensuring that it accords with OpenAI’s charitable purpose and that the non-profit entity retains appropriate control over the for-profit entity,” she said then.