The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the ...

The iPhone maker is looking to join the emerging trend of AI-powered devices – an area where it faces fresh competition.

OpenAI is buying Jony Ive’s startup iO Products in a $6.5 billion deal and the internet has been buzzing with speculations around the AI company’s hardware prospects. Ive, who is known for creating ...