Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.

Jony Ive and Sam Altman are teaming up to make AI hardware.They aren't giving too many clues about what it would be like, but probably screen-free, and not a phone.Please, I beg you, Jony and Sam: Do not make me talk to a device in public.

More details are trickling out about Jony Ive and Sam Altman’s new AI device. In a post on Thursday, Apple analyst Ming-Chi Kuo says his research indicates that the device could be larger than Humane’s AI pin, but with a “form factor as compact and elegant as an iPod Shuffle.”

Well-funded and big-name partnerships often end in failure. And ex-Apple employees don’t have a great record of success.

Sam Altman is working with Ive to secure direct user access, showing how distribution is becoming more important than technology in the AI race.

With its multibillion-dollar purchase of Apple design legend Jony Ive's startup, OpenAI is doubling down on a bet that the AI revolution will birth a new generation of novel consumer devices. Why it matters: Just as the web first came to us on the personal computer and the cloud enabled the rise of the smartphone,

In a move that casts a shadow across Apple’s upcoming Worldwide Developer’s Conference, OpenAI has announced that it will purchase io, the AI startup founded by acclaimed former Apple designer Sir Jony Ive, who helped create the iMac, iPod, and iPhone.