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Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Klarna CEO Sebastian Siemiatkowski posted a surprising message on X. Siemiatkowski’s family investment office, Flat Capital, had bought shares in io six months earlier, he said. Since this is an … Read more
Apple CEO Tim Cook, left, and Apple chief design officer Jony Ive look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference, or WWDC, at the San Jose Convention Center in San Jose, California, June 3, 2019. Justin Sullivan | Getty Images Before Jony Ive left Apple in 2019, no major Apple … Read more
OpenAI is acquiring io, the device startup that CEO Sam Altman and famed Apple designer Jony Ive have quietly been working on for two years, in an all-equity deal that values that startup at $6.5 billion, according to The Wall Street Journal. As part of the unusual deal announced Wednesday, Ive and his design firm, … Read more
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OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI said on Wednesday that it’s buying Jony Ive’s AI devices startup io for … Read more
OpenAI is said to have discussed acquiring the AI hardware startup that former Apple design lead Jony Ive is building with OpenAI CEO Sam Altman. According to The Information, OpenAI could pay around $500 million for the fledgling company, called io Products. Ive, who left Apple in 2019 to start his own design firm called … Read more
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