Startups Weekly: Cutting through Google I/O noise

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Despite Google I/O capturing as much attention as anticipated, some startups still took their chances and shared announcements this week, while others simply had to go with the flow when their news made headlines. Most interesting startup stories from the week Image Credits:OpenAI This week’s most interesting startup stories came from current and former IPO hopefuls, some of which also provided exits to earlier-stage ventures. Billion-dollar hire? Jony Ive and his firm LoveFrom will lead creative and design work at OpenAI after the company acquired io, the AI device startup he co-founded with Sam Altman, in an all-equity deal valuing that startup at $6.5 billion. Million-dollar employees: BNPL giant Klarna is on track to reach $1 million in revenue per employee, up from $575,000 a year earlier, after its AI-driven efficiency pus ... Read full article.