OpenAI, Jony Ive and iPhone
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Apple Inc. (NASDAQ:AAPL) shares declined after reports surfaced that OpenAI is acquiring Jony Ive’s hardware startup, io Products, in a $6.5 billion deal. The acquisition has fueled investor concerns about rising competition in the consumer device market.
OpenAI's (OPAI.PVT) move to bring Jony Ive into the fold could reshape the artificial intelligence (AI) device race and put fresh pressure on Apple (AAPL). Hope King, founder of Macro Talk News and Yahoo Finance contributor,
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Sam Altman's OpenAI acquires ex-Apple designer Jony Ive’s startup IO in a $6.5 billion deal to build AI-driven consumer gadgets.
Another hint Altman and Ive gave the WSJ is that the product will be "capable of being fully aware of a user’s surroundings and life," and "unobtrusive.'"Again, painting the picture of a small smart pin that you can place anywhere.
The Tow Center for Digital Journalism interviewed news and tech industry representatives about AI’s impact on platforms and publishers. They expressed some hope and a lot of trepidation.