The Headline
OpenAI acquires io; plans 100M AI devices with Ive's design
OpenAI will ship 100 million devices faster than any company has ever shipped 100 million of something new before.
Sam Altman
CEO of OpenAI
Key Facts
- OpenAI acquired io, the AI device startup co-founded by Jony Ive, in a $6.5 billion all-stock deal, consolidating its previous 23% stake and paying the remaining $5 billion in equity.
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- Jony Ive will take on deep creative and design responsibilities at OpenAI while continuing to lead his design studio, LoveFrom.
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- OpenAI aims to develop AI-native devices that rethink human interaction with technology, potentially moving beyond traditional screens and competing directly with Apple and Google.
- OpenAI's first AI device is reportedly small, screenless, and aware of its surroundings, leveraging ChatGPT's multimodal AI capabilities including voice and image recognition.
- Analyst Ming-Chi Kuo suggests OpenAI's prototype device will be compact and elegant, similar in size to an iPod Shuffle.
Key Stats at a Glance
Acquisition deal value of io by OpenAI
$6.5 billion
OpenAI's previous stake in io
23%
Equity paid by OpenAI for io acquisition
$5 billion
OpenAI's AI device shipment target
100 million