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OpenAI Completes $6.5 Billion Deal for Jony Ive’s io Products

LoveFrom’s independence will steer OpenAI’s design for a context-aware, screen-free AI device.

Overview

  • OpenAI has officially closed its $6.5 billion acquisition of io Products Inc., bringing the hardware startup into its San Francisco operations.
  • A trademark lawsuit by hearing device maker Iyo prompted OpenAI to temporarily remove its acquisition announcement, which has since been restored.
  • The io Products team has merged with OpenAI while Jony Ive’s LoveFrom remains independent and assumes deep design and creative responsibilities.
  • OpenAI is expanding beyond software to develop a new generation of AI-native hardware devices.
  • Unconfirmed reports indicate the first product may be a pocket-sized, screen-free gadget that adapts to users’ environments and needs.