Apple sued by shareholders for allegedly overstating AI . . . Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri
Apple Accused of Losing Shareholders Billions of Dollars The lawsuit states that Apple had indicated that AI would serve as a key driver in iPhone 16 sales through the company's Apple Intelligence, which would boost the Siri digital assistant
Apple sued by shareholders for allegedly misleading on AI plans Apple investors filed a lawsuit against the tech firm in a proposed class action for securities fraud on Friday, June 20 The shareholders accuse the company of overstating the maturity and readiness of its “Apple Intelligence” AI features—especially those tied to the Siri voice assistant—during its June 2024 Worldwide Developers Conference (WWDC)
Apple sued by shareholders for allegedly overstating AI . . . Apple sued by shareholders; Trump says he is looking at new steps on farm labor; Muscle-preserving drugs could generate over $30 billion in sales by 2035, TD Cowen says; Oil hedging volumes hit new records as US producers rush to lock in soaring prices; Apple sued by shareholders for allegedly overstating AI progress
Apple Faces Shareholder Lawsuit Over AI Integration Delays . . . The company is also battling a separate class-action lawsuit for allegedly misleading consumers about the state of Siri and Apple Intelligence capabilities 2 These legal battles highlight the increasing pressure on tech companies to deliver on AI promises and the potential consequences of overstating AI capabilities