Tag: iO

On May 21, OpenAI announced the acquisition of iO, the AI hardware startup founded by Jony Ive, for $6.5 billion. The all-stock deal, which requires no cash outlay for OpenAI, which already owned 23% of the company, marks a turning point for the artificial intelligence business, which is venturing into the consumer hardware market for the first time. The move aims to combine OpenAI's software expertise with the design know-how of Apple's former design chief to create an alliance that could redefine human-machine interaction in the era of generative AI. However,...