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OpenAI buys Jony Ive's design startup for $6.5 billion
OpenAI is buying Jony Ive's io for $65 billion to work on a new AI devices jointly.
The company confirmed the news in a blog post on its website headlined by the photo you see above, which is apparently real and not AI generated. However, Scott Cannon, Evans Hankey and Tang Tan, who co-founded io with Ive, will become OpenAI employees. According to reporting from The Information, OpenAI has agreed to share 20 percent of its revenue with Microsoft until 2030 in return for the more than $13 billion the tech giant has invested into it.
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