The Agent Phone
Dev.to AI
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Generative AI
OpenAI spent $6.5B to acquire Jony Ive's hardware team and bet on a smartwhere agents replace apps. The correct form factor solves what killed Humane and Rabbit. The $167B app economy coordination problem is what might kill OpenAI. In May 2025, OpenAI paid $6.5B in stock to acquire io Products, the hardware company Jony Ive founded after leaving Apple. Fifty-five former Apple engineers came with it.