OpenAI’s $6.5B Deal Hits a Bump Over ‘io’ Identify Dispute

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OpenAI has taken down on-line content material associated to its deliberate partnership with Jony Ive’s {hardware} firm, io, after a courtroom stepped in because of a trademark dispute.

The difficulty got here up after a startup named iyO, which is constructing earbuds powered by synthetic intelligence (AI), claimed that the title "io" was too near its personal.

A decide agreed there could be confusion and issued a restraining order, which stops OpenAI from utilizing the title “io" in any promotional supplies for now.

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Nevertheless, the decide didn't make a ultimate resolution however mentioned the argument had sufficient weight to cease OpenAI’s use of the title “io” for now.

Because of this, OpenAI eliminated a video from its web site and YouTube channel that featured CEO Sam Altman and Ive discussing their collaboration. The video was supposed to showcase the friendship between the 2 and showcase their shared imaginative and prescient for a brand new kind of {hardware} designed with AI in thoughts.

In a June 22 publish on X, OpenAI mentioned:

This web page is briefly down because of a courtroom order following a trademark grievance from iyO about our use of the title "io". We don’t agree with the grievance and are reviewing our choices.

Regardless of the authorized difficulty, OpenAI mentioned the deal itself has not been affected. The corporate nonetheless plans to proceed with the acquisition of io, valued at round $6.5 billion.

On June 5, OpenAI tried to dismiss a lawsuit filed by The New York Occasions, which might require the corporate to retain copies of all consumer interactions. What was OpenAI’s response? Learn the total story.

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