OpenAI Acquires Jony Ive's io for $6.5 Billion

May 21, 2025

OpenAI agreed to buy io, the AI hardware and design startup founded by Jony Ive, in an all‑stock deal valued at about $6.5 billion. The acquisition brings roughly 55 engineers and designers into OpenAI and folds io and LoveFrom’s design responsibilities into OpenAI as it pursues a new family of consumer AI devices.

Buyers
OpenAI
Targets
io
Location
California, United States
Transaction Type
Buyout

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