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OpenAI closes its deal to buy Jony Ive’s io and build AI hardware

by Investor News Today
July 9, 2025
in Technology
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OpenAI closes its deal to buy Jony Ive’s io and build AI hardware
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OpenAI has formally closed its practically $6.5 billion acquisition of io, the {hardware} startup co-founded by famed former Apple designer Jony Ive, the corporate introduced Wednesday. However it was cautious to solely seek advice from the startup as io Merchandise Inc.

The weblog publish initially saying the acquisition was additionally scrubbed from OpenAI’s web site on account of a trademark lawsuit from Iyo, the listening to machine startup spun out of Google’s moonshot manufacturing unit.

Now it’s again up, with a brand new word: “We’re thrilled to share that the io Merchandise, Inc. staff has formally merged with OpenAI. Jony Ive and LoveFrom stay unbiased and have assumed deep design and artistic tasks throughout OpenAI.”

OpenAI initially introduced the deal and plans to create devoted AI {hardware}, with a video on social media that includes its CEO, Sam Altman, and Ive. That video has been scrubbed from its web site and social media channels as a result of lawsuit and has not returned. “The io staff, targeted on creating merchandise that encourage, empower and allow, will now merge with OpenAI to work extra intimately with the analysis, engineering and product groups in San Francisco,” the weblog publish states.



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