Altman and Ive announced OpenAI’s acquisition of Ive’s io in a statement Wednesday, with the deal valued at roughly $6.5 billion after OpenAI acquired 23% of io in a partnership deal in 2024.

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.

Jony Ive became renowned for a meticulous design aesthetic that shaped the cultural zeitgeist during a 27-year career at Apple, which he left in 2019.

Well-funded and big-name partnerships often end in failure. And ex-Apple employees don’t have a great record of success.