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,

OpenAI recently revealed a major acquisition that shocked members of the tech community. The artificial intelligence (AI) startup has been in full focus lately after abandoning its plan to switch to a for-profit structure.

The idea is a “chance to do the biggest thing we’ve ever done as a company here,” Altman told OpenAI employees Wednesday.

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 ...

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 ...

The iPhone maker is looking to join the emerging trend of AI-powered devices – an area where it faces fresh competition.

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.