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Jon Keegan

OpenAI buying Apple former design lead Jony Ive’s startup for $6.5 billion

Jony Ive, Apple’s former design lead of 27 years, is heading to OpenAI. Ive was responsible for some of Apple’s most iconic product designs, including the iPod, iMac, and the iPhone, and had a close relationship with Steve Jobs.

OpenAI will be buying io, Ive’s AI device startup, in a $6.5 billion deal — the largest in OpenAI’s history. The startup “will provide the company with a dedicated unit for developing AI-powered devices,” Bloomberg reports.

In a post on OpenAI’s website announcing the deal, CEO Sam Altman wrote:

“What it means to use technology can change in a profound way. I hope we can bring some of the delight, wonder and creative spirit that I first felt using an Apple Computer 30 years ago.”

The first devices are expected to debut in 2026.

In a post on OpenAI’s website announcing the deal, CEO Sam Altman wrote:

“What it means to use technology can change in a profound way. I hope we can bring some of the delight, wonder and creative spirit that I first felt using an Apple Computer 30 years ago.”

The first devices are expected to debut in 2026.

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business

Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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