Led by Mr. Altman, OpenAI Partners with iPhone Designer Mr. Ive, WLD Price Surges 25%

OpenAI, known for its AI generation ChatGPT, announced on the 21st that it has acquired the startup company IO through an all-stock transaction valued at $6.5 billion (approximately 936 billion yen). IO is a joint venture company co-founded last year by Jonathan Ive, known as the designer of Apple products like the iPhone, and OpenAI under the name LoveFrom. At the end of last year, OpenAI had acquired 23% of IO's shares based on an agreement between the two companies, but now it has moved to a full acquisition. With the acquisition, Mr. Ive and approximately 55 engineers and designers will...