OpenAI is shopping for io, an AI machine startup based by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI makes an attempt to outline the AI-powered units market. OpenAI acquired a 23% stake in io final 12 months and invested within the startup at the moment.
The acquisition is the largest in OpenAI’s history and was introduced on Wednesday, mere weeks after OpenAI agreed to purchase AI-assisted coding device Windsurf for about $3 billion. The deal is meant to spark a brand new era of merchandise for a future the place AI expertise attains or surpasses human intelligence.
As a part of the acquisition, Ive and his crew of about 55 engineers, designers, and researchers will be a part of OpenAI in inventive and design roles that enable them to form AI units for shoppers. They’ll construct {hardware} that helps individuals work together with ChatGPT extra intuitively, with out having to go on an internet browser or an app on their telephones.
Jony Ive. Picture by Lia Toby/BFC/Getty Pictures
OpenAI CEO Sam Altman and Ive have been collaborating for 2 years on a secretive mission to maneuver individuals past screens and into different forms of AI-powered units. The Wall Street Journal studies that the 2 have been contemplating AI headphones and different devices with cameras.
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In a release video on Wednesday asserting the deal, Altman referred to as Ive “the deepest thinker of anybody I’ve ever met,” and Ive complimented Altman in flip, calling him “a visionary.”
“I believe we’ve the chance right here to fully reimagine what it means to make use of a pc,” Altman stated within the video.
Whereas each had been quiet concerning the particulars of a household of recent AI merchandise, they teased that the merchandise had been groundbreaking and would arrive someday subsequent 12 months. Altman went so far as to name one unnamed product he interacted with “the best piece of expertise the world has ever seen.”
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Ive began working at Apple in 1992 and performed an important position in designing the iPhone, iPad, iMac, and different Apple merchandise. He left in 2019 to create his personal design agency, LoveFrom, which has since landed deals with Airbnb and Ferrari.
Altman has explored AI units earlier than. In 2020, he invested within the startup Humane, which developed an Ai Pin that fell flat with consumers attributable to overheating points and a lagging interface.
OpenAI reported final month that ChatGPT had 500 million global weekly users.
OpenAI is shopping for io, an AI machine startup based by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI makes an attempt to outline the AI-powered units market. OpenAI acquired a 23% stake in io final 12 months and invested within the startup at the moment.
The acquisition is the largest in OpenAI’s history and was introduced on Wednesday, mere weeks after OpenAI agreed to purchase AI-assisted coding device Windsurf for about $3 billion. The deal is meant to spark a brand new era of merchandise for a future the place AI expertise attains or surpasses human intelligence.
As a part of the acquisition, Ive and his crew of about 55 engineers, designers, and researchers will be a part of OpenAI in inventive and design roles that enable them to form AI units for shoppers. They’ll construct {hardware} that helps individuals work together with ChatGPT extra intuitively, with out having to go on an internet browser or an app on their telephones.
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