Apple sued by shareholders over AI disclosures
Apple is facing a lawsuit filed on Friday by shareholders who allege the company downplayed the timeline for integrating advanced AI into Siri, which they claim negatively impacted iPhone sales and Apple's stock value. The proposed class action, filed in
San Francisco federal court
, seeks damages for shareholders who experienced financial losses during the year ending June 9.
Shareholders are accusing Apple of misleading them about the progress of AI integration into its Siri assistant. They believe this misrepresentation led to decreased iPhone sales and a drop in the company's stock price.
The lawsuit is a proposed class action. It was filed in San Francisco federal court.
The complaint seeks unspecified damages for shareholders. These are shareholders who lost money in the year ending June 9.
"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."
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3 hours ago
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Apple sued by shareholders over AI disclosures
Apple is facing a lawsuit filed on Friday by shareholders who allege the company downplayed the timeline for integrating advanced AI into Siri, which they claim negatively impacted iPhone sales and Apple's stock value. The proposed class action, filed in San Francisco federal court , seeks damages for shareholders who experienced financial losses during the year ending June 9. Shareholders are accusing Apple of misleading them about the progress of AI integration into its Siri assistant. They believe this misrepresentation led to decreased iPhone sales and a drop in the company's stock price. The lawsuit is a proposed class action. It was filed in San Francisco federal court. The complaint seeks unspecified damages for shareholders. These are shareholders who lost money in the year ending June 9. "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."
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