OpenAI has fully acquired Io, a joint venture it cocreated last year with Jony Ive, the famed British designer behind the sleek industrial aesthetic that defined the iPhone and more than two decades of Apple products.

With its multibillion-dollar purchase of Apple design legend Jony Ive's startup, OpenAI is doubling down on a bet that the AI revolution will birth a new generation of novel consumer devices. Why it matters: Just as the web first came to us on the personal computer and the cloud enabled the rise of the smartphone,

OpenAI has recruited distinguished designer Jony Ive to spearhead a new hardware project. The AI company is acquiring Io, co-founded by Ive, for $6.5 billion. Although not becoming an OpenAI employee,