OpenAI has completed the acquisition of the startup io founded by Jony Ive for $6.5 billion, opening new horizons in hardware design.
Deal between OpenAI and Jony Ive
The deal between OpenAI and Jony Ive's startup represents a significant event that may influence the future of hardware. As part of the agreement, OpenAI acquires the entire io team and Jony Ive's design consultancy.
Changes in hardware design
Jony Ive, renowned for his contributions to Apple's product design, will focus on developing a new generation of AI-based devices. OpenAI's CEO Sam Altman expressed optimism about the partnership, stating:
> "Thrilled to be partnering with Jony, imo the greatest designer in the world. Excited to try to create a new generation of AI-powered computers." - Sam Altman, CEO, OpenAI
Market and technology impacts
The deal, primarily executed in stock, underscores OpenAI's valuation at $300 billion. However, market reactions were muted, with Apple shares dropping by 2% following the announcement. Long-term effects of this deal may impact competition among tech giants and pave the way for new integrations of AI and blockchain.
The deal between OpenAI and Jony Ive may serve as a catalyst for a new phase in hardware design, potentially transforming the technology market and leading to new innovations.
