moonshot

Blog

OpenAI just made its first hardware acquisition with a deal for Jony Ive’s startup – but Altman’s $6.4 billion moonshot is a huge risk

OpenAI has announced it will acquire io Products, a hardware company founded by former Apple chief design officer Jony Ive. The deal, reportedly worth $6.4 billion, will see io brought under OpenAI’s roof as the company pursues what CEO Sam Altman described as “a new generation of AI-powered computers” in a post on X. Io was founded in 2024 by…