Apple sued by shareholders over AI disclosures

Share via:


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, hurting iPhone sales and its stock price.

The complaint filed in San Francisco federal court seeks unspecified damages for shareholders who lost money in the year ending June 9.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple sued by shareholders over AI disclosures


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, hurting iPhone sales and its stock price.

The complaint filed in San Francisco federal court seeks unspecified damages for shareholders who lost money in the year ending June 9.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

TikTok’s owner wanted to publish books, not anymore

When 8th Note Press launched in the summer...

Rumor: Two new colors competing for the iPhone 17...

According to leaker Majin Bu, Apple is experimenting...

Bharti Enterprises’ Space Arm To Invest INR 313 Cr...

SUMMARY The infusion is part of Eutelsat’s larger €1.35...

Popular

Upcoming Events