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OpenAI has announced the acquisition of io, a startup founded by Jony Ive, for $6.5 billion. This move is part of OpenAI's strategy to develop its first consumer hardware device, a humanlike AI speaker. The acquisition signifies OpenAI's commitment to competing in the consumer hardware market, leveraging Jony Ive's design expertise.
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The latter will receive a multi-year, multi-billion-dollar investment from the company — the exact dollar amount wasn’t disclosed — that OpenAI says will be used to continue its independent research and “develop AI that is increasingly safe, useful and powerful.”OpenAI will remain a capped-profit company as a part of the deal.
