OpenAI to buy AI startup from Jony Ive
bloomberg.com
OpenAI to buy AI startup from Jony Ive
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Re: OpenAI to buy AI startup from Jony Ive
#2[deleted]
Re: OpenAI to buy AI startup from Jony Ive
#3From April:
https://techcrunch.com/2025/04/07/openai-reportedly-mulls-bu...
> 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.
How the heck did the price go up 13x?
Re: OpenAI to buy AI startup from Jony Ive
#4[deleted]
Re: OpenAI to buy AI startup from Jony Ive
#5Seems that OpenAI is acquiring Io for $6.4B in an all-equity deal.
Re: OpenAI to buy AI startup from Jony Ive
#6Re: OpenAI to buy AI startup from Jony Ive
#7OpenAI announcement: https://openai.com/sam-and-jony/
Re: OpenAI to buy AI startup from Jony Ive
#8From April: https://techcrunch.com/2025/04/07/openai-reportedly-mulls-bu... > 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. How the heck did the price go up 13x?
Because it sounds like the CEO of OpenAI wants to use investor's money to buy his other company.
Too bad we can't short it or otherwise stop it, because investment for the things we could start will dry up once the world figures this out. We're all correlated to companies like FTX whether we like them or not...
Re: OpenAI to buy AI startup from Jony Ive
#9From April: https://techcrunch.com/2025/04/07/openai-reportedly-mulls-bu... > 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. How the heck did the price go up 13x?
There's only one Jony Ive and alot of demand from the company with the deepest pockets in town ...
UX will make or break any major new AI product - especially hardware. The price is steep but I think it's actually a sensible move. There really aren't that many other people with the proven ability to deliver when it comes to UX at scale for novel areas.
Re: OpenAI to buy AI startup from Jony Ive
#10No question that Ive is a legend, but I do think the fall of Humane (also ex-Apple) and the challenges at Meta, Apple, and Google in terms of VR/AR adoption (Meta Ray Ban, Apple Vision, Google Glasses and the new thing) are instructive here. The $6.5B almost feels like the largest ever aquihire.