OpenAI will acquire the AI device startup co-founded by Apple Inc. veteran Jony Ive in a nearly $6.5 billion all-stock deal, joining forces with the legendary designer to make a push into hardware.The purchase — the largest in OpenAI’s history — will provide the company with a dedicated unit for developing AI-powered devices.

OpenAI is acquiring the AI device start-up co-founded by Apple veteran Jony Ive in a $6.5-billion all-stock deal.

(Reuters) -OpenAI is buying Jony Ive's startup io Products in a $6.5 billion deal and will bring the chief designer of early iPhones on board as creative head to develop devices tailored for the generative artificial intelligence era.