Apple sued by shareholders for allegedly overstating AI progress (Reuters) -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
Apple Accused of Losing Shareholders Billions of Dollars The lawsuit alleges 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 faces lawsuit over alleged misrepresentation of AI . . . Apple faces a class action lawsuit from shareholders alleging the company overstated its AI progress, particularly with Siri The lawsuit claims Apple misled investors about the readiness of advanced Siri features, impacting iPhone sales and stock value This led to significant financial losses for shareholders, with Apple's market value dropping substantially
Apple sued by shareholders for allegedly overstating AI progress Apple sued by shareholders for allegedly overstating AI progress The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9
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 over AI disclosures - CNA Apple was sued by shareholders in a proposed class action on Friday, accusing it of downplaying the time needed to integrate advanced artificial intelligence-based features into its Siri assistant