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- OpenAI acquires AI device startup io from Apple veteran Jony Ive for $6.5B
OpenAI acquires AI device startup io from Apple veteran Jony Ive for $6.5B
Bay Area Times
May 22, 2025
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Top stories today:
- OpenAI acquires AI device startup io from Jony Ive for $6.5B
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1. OpenAI acquires AI device startup io from Apple veteran Jony Ive for $6.5B
OpenAI is paying $5B in equity for io.
Q4 2024: OpenAI acquired a 23% stake in the startup.
OpenAI’s startup fund also invested in io at the time.
-2.3% in Apple shares on Wed. following the deal’s announcement.
A pocket-size, screen-free AI device will be the 1st hardware, neither phone nor glasses.
OpenAI plans to ship 100M AI “companion” devices, aiming for everyday integration, Altman told its employees.
2024: Ive co-founded io with Apple alumni Scott Cannon, Evans Hankey, and Tang Tan.
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