Jony Ive, the famed designer who joined Steve Jobs to develop Apple’s most popular products, will now curate new devices for OpenAI after his startup was acquired by Sam Altman’s firm earlier this week,

The leaders of OpenAI and Google have been living rent-free in each other’s heads since ChatGPT caught the world by storm. Heading into this week’s I/O, Googlers were on edge about whether Sam Altman would try to upstage their show like last year, when OpenAI held an event the day before to showcase ChatGPT’s advanced voice mode.

Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.

Gene Munster, Managing Partner at Deepwater Asset Management, warned Wednesday that OpenAI represents the first serious competitive threat to Apple Inc. (NASDAQ:AAPL) in two decades following the artificial intelligence company’s $6.

Here’s what we know: it’s probably not smart glasses. Beyond that, we don’t know much about what Jony Ive and OpenAI are building through their newly combined company io, except that it’s some kind of AI super-gadget. But after a couple of years of watching the industry try and shove AI into every form factor you can imagine, we have some guesses.

And OpenAI entered a corporate partnership with The Atlantic last year.) Read: The great AI lock-in has begun Moving into hardware could become OpenAI’s most technologically disruptive, and financially lucrative,

Even after an uncommonly eventful week for generative AI-centric device development, we don’t know much about what consumers really want.

OpenAI is set to acquire hardware startup io Products—founded by former Apple design chief Jony Ive—for nearly US$6.5 billion, marking a bold entry into the consumer hardware market. The deal, expected to be finalized soon,