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
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 misleading progress in AI A group of Apple shareholders, led by Eric Tucker, sued the company for allegedly downplaying the time it would take for the integration of advanced artificial intelligence into Siri, Apple’s
Apple shareholders sue over Apple Intelligence and Siri delays The lawsuit alleges that this misrepresentation negatively impacted iPhone sales and Apple’s stock price In the lawsuit, Apple executives, including CEO Tim Cook, CFO Kevan Parekh, and former
Apple Lawsuit Alleges CEO Tim Cook Misled Public on Siri’s AI . . . Apple is being sued by shareholders over claims it misled the public about Siri’s AI capabilities during WWDC 2024 The lawsuit targets CEO Tim Cook and alleges Apple overstated its progress on Siri upgrades for the iPhone 16 Delays in Siri’s AI rollout until 2026 have fueled accusations that Apple made premature announcements The case
Apple sued by shareholders, accused of lying about AI . . . Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026, and continued through this year's Worldwide Developers Conference when Apple's assessment of