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 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 sued by shareholders for misleading AI progress claims Shareholders argued that the company led them to believe Apple Intelligence would play a more relevant role in iPhone 16 sales For this reason, the group led by Eric Tucker considered that the
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