ChatGPT maker OpenAI buys Jony Ive’s io in $US6.5 billion deal

Apple shares dropped as much as 2.3 per cent in New York on Wednesday. They had been down 17 per cent this year through Tuesday’s close.

As part of the deal, OpenAI is paying $US5 billion in equity for io. The balance of the nearly $US6.5 billion stems from a partnership reached in the fourth…