Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Pathikrit Bose

OpenAI Just Bought Jony Ive’s Startup. Why That’s Bad News for Apple Stock.

It seems that consumer tech giant Apple (AAPL) is no longer the apple of investors’ eyes anymore. 

In addition to investor concerns that the company has fallen behind in artificial intelligence and blowback from President Donald Trump for its plans to move iPhone production to India, the latest and possibly most serious blow to its dominance in global consumer tech is the news that former design chief Jony Ive will team up with Sam Altman-led OpenAI to purportedly create a product or range of products powered by AI.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.