OpenAI just made its first hardware acquisition with a deal for Jony Ive's startup - but Altman's $6.4 billion moonshot is a huge risk

OpenAI has announced its acquisition of the hardware company io Products, founded by former Apple design chief Jony Ive, in a deal reportedly valued at $6.4 billion. io, which aims to create AI-driven devices, will merge its team with OpenAI, enhancing collaboration between design, engineering, and research. While the specifics of the product development remain under wraps until 2026, CEO Sam Altman emphasized a vision for a family of innovative AI-centric devices. OpenAI, currently valued at $300 billion, intends this acquisition to solidify its position in cutting-edge hardware.

OpenAI's acquisition of io Products for $6.4 billion marks a strategic move towards integrating hardware for AI-powered computers, aiming to innovate device capabilities.

The io team, known for its design prowess, will now be intimately collaborating with OpenAI's research and engineering teams, aiming to enhance product development.

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