Jony Ive, who helped design products like the iPhone and iMac, worked closely with Steve Jobs for more than 10 years until the Apple co-founder's death in 2011.

Altman and Ive announced OpenAI’s acquisition of Ive’s io in a statement Wednesday, with the deal valued at roughly $6.5 billion after OpenAI acquired 23% of io in a partnership deal in 2024.

With Ive leading design, OpenAI aims to pair the tech behind its ChatGPT chatbot with product design expertise that made the iPhone a bestseller.

OpenAI's acquisition of Ive's io startup could disrupt Google and Apple's strategies, impacting the tech landscape and raising stakes in the AI race.

Barton Crockett, Rosenblatt Securities senior analyst, joins 'Squawk Box' to discuss the AI battle between Apple and OpenAI, future of AI-powered devices, OpenAI's purchase of former Apple designer Jony Ive's design firm,

OpenAI CEO Sam Altman is collaborating with Jony Ive, the former Apple designer, on the mysterious consumer-facing device.

OpenAI CEO Sam Altman became a household name after the release of OpenAI's groundbreaking AI model, ChatGPT.