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Who is Jony Ive & why is OpenAI spending $6.5B to acquire the former Apple exec’s AI start-up?

DeFi Daily News by DeFi Daily News
May 21, 2025
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Who is Jony Ive & why is OpenAI spending .5B to acquire the former Apple exec’s AI start-up?
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OpenAI’s recent hiring spree, including hires of former CEOs of Nextdoor and Instacart, signals serious hardware ambitions, capped by OpenAI’s acqui-hire deal with Jony Ive.

Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination to explain that we could see artificial intelligence (AI)–powered wearables hit the market within 12 to 24 months as the space heats up.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here: https://finance.yahoo.com/videos/series/market-domination/

#ai #yahoofinance #tech #openai #artificialintelligence #samaltman #apple

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
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Tags: 6.5BacquireAppleBondsbusinessCurrenciesEquitiesexecsFXInvestingInvestmentIveJonyMarketMarketsMoneyNewsNYSEOpenAIPersonal FinancePoliticsSavingsspendingStartupStock marketstocksYahoo FinanceYahoo FInance Premium
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