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OPENAI HARDWARE ACQUISITION

Deal Signals

OpenAI to acquire iPhone designer Jony Ive’s AI devices startup for $6.4 billion

OpenAI has announced plans to acquire io Products, the hardware startup co-founded by former Apple iPhone design chief Jony Ive, in a $6.5 billion all-stock deal.

Rosalia Ozibo · May 22, 2025 3 min