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 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 Accused of Losing Shareholders Billions of Dollars Shareholders, therefore, argue that the longer timeline needed to develop and integrate AI features for Siri has hurt iPhone sales and the company's stock price, according to the lawsuit filed in
Apple sued by shareholders over AI disclosures The complaint filed in San Francisco federal court seeks unspecified damages for shareholders who lost money in the year ending June 9 Apple sued by shareholders over AI disclosures
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)