OpenAI acquires Jony Ive's io for $6.5B; AI to eliminate half of entry-level jobs

Latest AI News and Updates
Total 451 words · 2 mins read

Key Takeaways

  • OpenAI is acquiring Jony Ive's io company for nearly $6.5 billion after approval from Laurene Powell Jobs.
  • Anthropic CEO Dario Amodei predicts AI could eliminate half of entry-level white-collar jobs.
  • Elad Gil focuses on using AI to reinvent traditional businesses, backing companies like Enam Co.
  • Keach Hagey's book reveals OpenAI’s structure is "not stable," giving investors pause.
  • TechCrunch Sessions: AI on June 5th features Anthropic's Jared Kaplan and SAP leaders.

Top Stories

OpenAI buys Jony Ive's io for $6.5B

On June 2, 2025, it was reported that Laurene Powell Jobs approved the AI gadget being created by OpenAI and Jony Ive, investing in both Ive's LoveFrom design and io hardware startups. OpenAI is purchasing Ive's io company for almost $6.5 billion.

AI could eliminate half of entry-level jobs

On June 1, 2025, Dario Amodei, CEO of Anthropic, predicted that AI could eliminate half of entry-level white-collar jobs in the next one to five years, potentially pushing unemployment as high as 20%.

Elad Gil focuses on AI to reinvent businesses

On June 1, 2025, it was reported that early AI investor Elad Gil is focusing on using AI to reinvent traditional businesses and scale them through roll-ups. He has backed two companies pursuing this strategy, including Enam Co., valued at over $300 million, and has also invested in companies like Perplexity, Character.AI, and Harvey.

Keach Hagey's book examines Sam Altman and OpenAI

On June 1, 2025, Anthony Ha reported on Keach Hagey's book, "The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future," which examines the AI landscape through the lens of OpenAI CEO Sam Altman. Hagey stated that the failed attempt to oust Altman revealed OpenAI’s complex structure is "not stable" and predicted this will "continue to give investors pause," while also noting Altman's success in the Trump administration and his belief that the government should fund and guide AI research.

TechCrunch Sessions: AI event on June 5th

TechCrunch Sessions: AI is scheduled for June 5, 2025, at UC Berkeley's Zellerbach Hall, featuring AI builders, researchers, and funders. The event includes a fireside chat with Anthropic's Jared Kaplan, a session on enterprise deployment with SAP leaders, and a startup pitch event. The last day for Countdown AI Trivia is June 4, offering a 2-for-1 ticket deal.

Ethical AI Concerns

Stop calling AI a co-worker, article urges

On June 1, 2025, Connie Loizos wrote an article titled "For the love of God, stop calling your AI a co-worker," discussing the trend of startups anthropomorphizing AI to build trust. She critiqued it as dehumanizing and potentially masking job displacement.

Anthropic named its platform "Claude"

Anthropic named its platform "Claude" to create a warm, trustworthy companion for a faceless, disembodied neural net.

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