OpenAI announced two weeks ago that it was acquiring legendary UK tech product designer Jony Ive’s AI hardware start-up, io. The designer of several iconic iPhone models and other Apple products, including Macs and iPods, sold io to the ChatGPT maker for a cool $5bn for the 77% it didn’t already own.

But what exactly is OpenAI CEO Sam Altman — who starred alongside Ive in a stylish promotional video about the deal — hoping to achieve by splashing so much money on the London-born Ive, who now calls San Francisco home?..

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