Jony Ive & Sam Altman threaten to take a bite out of Apple
Digest more
It’s reported that Apple plans to open its on-device AI models to developers at WWDC 2025, aiming to boost app creation and expand Apple Intelligence features.
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.
Barton Crockett, Rosenblatt Securities senior analyst, joins 'Squawk Box' to discuss the AI battle between Apple and OpenAI, future of AI-powered devices, OpenAI's purchase of former Apple designer Jony Ive's design firm,
Explore more
The report from Bloomberg outlines why Apple has been struggling with its AI strategy. Sources claim Apple Intelligence “wasn’t even an idea” before ChatGPT was launched in late 2022, and that head of software engineering Craig Federighi was “reluctant to make large investments in AI” without a clear end goal.
Apple appears to have made another stealthy startup acquisition in Seattle. We’re hearing that the tech giant is acquiring WhyLabs, a Seattle startup founded in 2019 that helps companies observe their AI apps to prevent security risks and optimize performance.
The crisis runs so deep, allegedly, that Apple will introduce no Siri upgrades at WWDC 2025 — and the report claims to have seen internal data that shows Apple “remains years behind its competition.” It paints a picture of weak leadership, conflicting priorities, flawed decision-making, and problematic integration between teams.
WWDC could follow up Google I/O with similar on-device AI news from Apple.
Apple plans to release a new set of AI products and frameworks at its Worldwide Developers Conference (WWDC) this June, including tools that'll let third-party developers create software using Apple AI models,
Apple will make its artificial intelligence models available to developers to use in their apps, reports Bloomberg. The company plans to introduce
Tom Forte, Maxim Group senior consumer internet analyst, joins 'Money Movers' to discuss Apple following the news of OpenAi investing in former iPhone designers company.