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OpenAI to buy iPhone designer Jony Ive’s AI devices startup

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OpenAI said it is planning to buy Jony Ive’s AI devices startup io in an all-equity deal for $6.4 billion. This includes its current stake in the company.

The AI major stated that io is merging with OpenAI, while Ive and his “creative collective” called LoveFrom will stay independent.

Ive is taking on “deep creative and design responsibilities across OpenAI and io,” OpenAI said in a statement.

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