Jony Ive, the famed designer who joined Steve Jobs to develop Apple’s most popular products, will now curate new devices for OpenAI after his startup was acquired by Sam Altman’s firm earlier this week,

CNBC's Arjun Kharpal discusses why OpenAI has decided to acquire Jony Ive's startup called io and what the ChatGPT-maker could be planning.

The mysterious device that OpenAI is cooking up with former Apple designer Jony Ive will be pocket-size, contextually aware, screen-free, and isn’t eyewear. Ive and OpenAI CEO Sam Altman revealed details about the project in an internal staff call reviewed by The Wall Street Journal,

Hours after Sam Altman and Jony Ive announced that OpenAI was buying Ive’s company on Wednesday, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.

OpenAI's acquisition of Jony Ive's company is intriguing, but Apple doesn't have anything to worry about just yet.

The hand of Jony Ive is all around us: on our desks, in our pockets, in our palms. More than any other living designer, Apple’s former design chief has shaped and contoured our day-to-day experience. Yet unlike the buzzing, attention-hungry iPhone – his most earth-shaking effigy – the man himself is much less forthcoming.