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OpenAI Finalizes $6.5 Billion Deal To Acquire Jony Ive's AI Hardware Startup—Here's What We Know About Their First Device
Thursday, July 10, 2025 - 2:18am | 631OpenAI has finally completed its $6.5 billion acquisition of Jony Ive's AI hardware startup io Products, officially bringing the former Apple Inc. (NASDAQ:AAPL) design chief and his team into the fold to build a new generation of AI-native devices. What Happened: On Wednesday, OpenAI updated,...
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Sam Altman Slams Trademark Lawsuit Over 'io' As 'Silly' And 'Disappointing' After OpenAI Scrubs Jony Ive Deal From Website Under Judge's Order
Wednesday, June 25, 2025 - 5:09am | 872OpenAI CEO Sam Altman dismissed a trademark lawsuit filed by hardware startup Iyo as “silly” and “disappointing” after a judge ordered ChatGPT-parent to remove references to its collaboration with Apple Inc. (NASDAQ:AAPL) designer Jony Ive. What Happened: Iyo, a startup led...
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OpenAI Scrubs Jony Ive Deal From Website After Trademark Lawsuit Threatens $6.5 Billion IO Products Acquisition
Sunday, June 22, 2025 - 10:16pm | 457Over the weekend, ChatGPT-parent OpenAI pulled all public materials related to its $6.5 billion acquisition of Jony Ive's AI hardware startup, IO Products. What Happened: The takedown followed a trademark lawsuit filed by IYO Inc., a separate AI device company, which claims the “IO”...
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Apple Stock Too Pricey? Analyst Warns Of Rising Competition, Tariff Risks, Favors 2 Tech Giants
Wednesday, June 4, 2025 - 11:33am | 792An Apple Inc. (NASDAQ:AAPL) analyst is moving to the sidelines with a downgrade on the stock, which has multiple headwinds, including competition, valuation, and earnings at risk from tariffs. The Apple Analyst: Needham analyst Laura Martin downgrades Apple stock from Buy to Hold and withdraws a...
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Steve Jobs' Widow Is Backing Jony Ive's Mystery AI Device Even Though She's Still 'Very Close' To Apple Leadership: 'If It Wasn't For Laurene…'
Monday, June 2, 2025 - 10:27pm | 894Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs' widow, Laurene Powell Jobs, seems to have endorsed a mysterious AI hardware device being developed by Jony Ive and OpenAI CEO Sam Altman. What Happened: In a Financial Times interview that was published on Monday, Ive reflected on his years designing...
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Jony Ive Once Said Steve Jobs Demanded Everyone At Apple Often Answer This Question: 'It Still Shocks Me How Few People Actually Practice This'
Monday, June 2, 2025 - 7:34am | 653Apple’s (NASDAQ:AAPL) former designer and a key mind behind the first iPhone, Jony Ive says the hardest part of creativity isn't dreaming up lofty ideas, it’s having the nerve to drop most of them — a lesson he learnt from Steve Jobs. What Happened: In a 2014 on-stage conversation with...
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Nvidia, Apple, Amazon, Tempus AI, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Wednesday, May 28, 2025 - 10:46pm | 940On Wednesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average falling 0.6% to 42,098.70 and the S&P 500 slipping by a similar margin to 5,888.55. The Nasdaq shed 0.5% to finish at 19,100.94. However, stock futures rebounded after a court overturned the Trump tariffs...
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OpenAI's Sam Altman Says $6.5B Deal With Jony Ive To Build AI 'Companions' Could Add $1 Trillion In Company Value: Report
Wednesday, May 28, 2025 - 7:46am | 551OpenAI CEO Sam Altman reportedly shared plans to build a cluster of AI-powered devices in partnership with famed designer Jony Ive, with employees on Wednesday. What Happened: In a conversation with staff, Altman and Ive described their vision for compact, intelligent AI "companions" designed to...
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Apple's Former Design Chief Jony Ive Called Phones And Laptops 'Legacy Platforms:' Sundar Pichai Says Pulling Out A 'Black Glass Display Rectangle' Won't Make Sense Forever
Wednesday, May 28, 2025 - 5:32am | 668As tech's most influential minds rethink the future of computing, their vision faces a market still not sold on the alternatives. What Happened: Last week, in a video, Jony Ive, Apple Inc.'s (NASDAQ:AAPL) legendary former design chief, described smartphones and laptops as "legacy products,"...
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OpenAI Teams Up With iPhone Designer Jony Ive As ChatGPT Maker Makes Push Into Hardware, Apple Shares Slide
Wednesday, May 21, 2025 - 1:57pm | 395Apple Inc (NASDAQ:AAPL) shares are moving lower Wednesday afternoon following multiple reports that OpenAI is set to acquire Apple Veteran Jony Ive’s AI device startup. What Happened: Ive will team up with OpenAI as part of a $6.5 billion all-stock deal in which the ChatGPT maker will acquire...
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OpenAI Eyes $500 Million Deal To Acquire Jony Ive And Sam Altman's AI Hardware Startup: Report
Tuesday, April 8, 2025 - 3:23am | 573OpenAI is reportedly in discussions to acquire the AI hardware startup co-founded by Jony Ive and Sam Altman in a deal worth approximately $500 million. What Happened: OpenAI is considering purchasing io Products, a company that focuses on creating AI-enabled devices, reported TechCrunch (via The...
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Apple's Former Design Maestro Jony Ive Confirms He's Joined Forces With OpenAI's Sam Altman For A New AI Hardware Project
Monday, September 23, 2024 - 12:25am | 598Apple design legend Sir Jony Ive has confirmed his collaboration with OpenAI CEO Sam Altman, on a new AI hardware project. What Happened: Ive confirmed his involvement in the project during a profile interview with The New York Times that was published on Saturday, reported The...
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Sam Altman And Former Apple Design Maestro Seek Funding From Laurene Powell Jobs, Masayoshi Son For Their AI Device Startup
Saturday, April 6, 2024 - 2:30am | 570OpenAI co-founder and CEO Sam Altman and Apple design legend Sir Jony Ive, are reportedly seeking $1 billion in funding for a new artificial intelligence (AI) project. What Happened: Altman and Ive are looking to secure the funding for an undisclosed AI project, reported The Information on Friday...
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Apple's Abandoned EV Project Almost Used Siri As The Steering Wheel, Began After Reported Deal With Tesla Fell Through
Thursday, February 29, 2024 - 1:43pm | 795Apple Inc (NASDAQ:AAPL) almost used Siri for its now-abandoned electric vehicle (EV) project. The Cupertino, California-based tech giant also once considered a deal with Tesla Inc (NASDAQ:TSLA). That’s according to a New York Times story highlighting the hardships the Apple EV team went...
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Apple Design Legend Jony Ive Wanted To Merge MacBook Air And Pro Lines: Report
Monday, January 29, 2024 - 10:50am | 493Design legend Jony Ive once considered consolidating Apple’s MacBook Air and MacBook Pro into a single product line. What Happened: Ive, who was instrumental in shaping Apple Inc.'s (NASDAQ:AAPL) product designs, aimed to simplify the MacBook lineup, according to an anecdote shared by...