OpenAI said it was buying IO, a start-up founded by Mr. Ive, the designer of the iPhone, to usher in a new era of artificial intelligence hardware.

The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

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.

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.

Former Apple design chief Jony Ive and OpenAI CEO Sam Altman are building a mystery ChatGPT device. The interwebs have come alive with gadget guesses, renders, and memes. OpenAI is trying to challenge Apple and Google by redefining AI interaction with new ...

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.

OpenAI's acquisition of Ive's io startup could disrupt Google and Apple's strategies, impacting the tech landscape and raising stakes in the AI race.

OpenAI and Jony Ive's vision for its AI device is a screenless companion that knows everything about you. Details leaked to the Wall Street Journal give us a clearer picture of OpenAI's acquisition of io,