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OpenAI announced a $6.4 billion all-equity acquisition of Jony Ive's AI startup, io. This includes OpenAI's existing stake in the company, valuing the deal at $5 billion. Ive will take on significant creative and design roles across both OpenAI and io, while his design firm, LoveFrom, remains independent. The acquisition follows OpenAI's recent purchases of Windsurf and Rockset, highlighting the company's aggressive expansion in the AI space.

Prepared by Jonathan Pierce and reviewed by editorial team.