The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

With Ive leading design, OpenAI aims to pair the tech behind its ChatGPT chatbot with product design expertise that made the iPhone a bestseller.

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.

Here’s what we know: it’s probably not smart glasses. Beyond that, we don’t know much about what Jony Ive and OpenAI are building through their newly combined company io, except that it’s some kind of AI super-gadget. But after a couple of years of watching the industry try and shove AI into every form factor you can imagine, we have some guesses.

Details have leaked about the device that OpenAI is developing with former Apple designer Jony Ive. OpenAI is acquiring io, the hardware-based

In a move that casts a shadow across Apple’s upcoming Worldwide Developer’s Conference, OpenAI has announced that it will purchase io, the AI startup founded by acclaimed former Apple designer Sir Jony Ive, who helped create the iMac, iPod, and iPhone.

More details are trickling out about Jony Ive and Sam Altman’s new AI device. In a post on Thursday, Apple analyst Ming-Chi Kuo says his research indicates that the device could be larger than Humane’s AI pin, but with a “form factor as compact and elegant as an iPod Shuffle.”