Equity

OpenAI just made its biggest acquisition yet, scooping up Jony Ive and Sam Altman’s secretive device startup, io, in a $6.5 billion all-equity deal. Ive, the legendary designer behind the iPhone and other iconic Apple products, will now lead creative and design work at OpenAI through his firm LoveFrom. The goal? To take AI “beyond the screen” and build a new generation of AI-powered consumer devices. Beyond the tech, there’s a clear narrative play here. OpenAI is framing Altman as the Jobs-esque visionary and Ive as the design genius who makes it all real. Social media had a field day with the staged buddy shots of the duo, but the messaging is hard to miss: Take the iPhone launch, and make it AI. Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Max Zeff, and Anthony Ha unpack the deal, dive into AI wearables, and discuss more of this week’s tech headlines. Listen to the full episode to hear about: Max’s inside scoop from Google I/O: the return of Google Glass and developers’ reactions to