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
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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