Gene Munster, Managing Partner at Deepwater Asset Management, warned Wednesday that OpenAI represents the first serious competitive threat to Apple Inc. in two decades following the artificial intelligence company's $6.

OpenAI forms a new hardware division with the io team, led by Jony Ive, to develop AI-native devices, possibly launching a voice-first product as early as 2026.

OpenAI CEO Sam Altman just said the company has a chance to “do the biggest thing” in its history: roll out 100 million AI-powered devices designed to sit on your desk, fit in your pocket, and integrate seamlessly into your daily life.

OpenAI announced plans on Wednesday to acquire io, the artificial intelligence startup launched by former Apple design head Jony Ive.

Shares of Apple Inc (NASDAQ:AAPL) continued to dip Thursday following OpenAI’s $6.5 billion acquisition of io Products, a design startup led by former Apple designer Jony Ive. The move, seen by many as a potential long-term challenge to the iPhone,

OpenAI said on Wednesday that it will acquire io, the AI equipment startup founded by former Apple (AAPL.US)'s chief design officer Jony Ive, for approx. US$6.4 billion. The transaction is all in stock,

Apple shares (AAPL) reacted negatively after the news, falling 2.3% on Wednesday. The former Apple executive told the Times he wanted to work with OpenAI because he takes "a lot of the ...

Investing.com -- Apple shares (NASDAQ:AAPL) slipped 1.8% following news OpenAI is acquiring Jony Ive’s hardware startup io Products. The move has raised concerns among investors about potential ...