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Apple sued by shareholders over AI disclosures

Apple sued by shareholders over AI disclosures

Reuters8 hours ago

June 20 (Reuters) - Apple (AAPL.O), opens new tab 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.

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