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From 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?
From 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?
From 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?
From 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?
Perhaps this is a way to channel money into someone's pocket, instead of keeping it in a non-profit?
I wonder how much of this is downstream from them not being able to convert to a for profit and giving sam a slug of equity
From 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.
It's probably some form of glasses with ChatGPT on it but obvious glazing, pomp and ceremony of this announcement talking directly to Apple.
Apple has 1 year to respond.
OpenAI announcement: https://openai.com/sam-and-jony/