Apple sued by shareholders for allegedly overstating AI progress
(Reuters) -Apple, on Friday, a lawsuit proposed by shareholders in the act of fraud class, this is the integration of advanced artificial intelligence with the Siri Sound Assistant, iPhone sales and the price of damage to the accusation of how long.
The complaint includes potentially a hundred billions of dollars lost in the year, when Apple has brought various features and aesthetic improvements for its products but held AI changes humble on June 9th.
Apple did not respond immediately to comments requests. CEO Tim Cook, Finance Director Kevan Parekh and former Cfo Luca Maestri de San Francisco Federal Court.
The shareholders, led by Eric Tucker, said Apple at the June 2024 World Conference on the World Conference, when Apple started AI’s Siri Siri more powerful and user -friendly, the iPhone 16 devices will be a key driving force.
However, Cupertino said that the AI -based Siri features of the California -based company lack a functional prototype and that they could not believe that the features would be ready for iPhone 16s.
When the shareholders postponed Apple’s upgrade to 2026, and this year’s worldwide developers conference, Apple’s disappointment of AI progress began to emerge on March 7, he said.
Apple shares have lost about one quarter of its values since the record levels of December 26, 2024 and erased a market value of approximately $ 900 billion.
Case Tucker / Apple Inc et al., USA Regional Court, California Northern Region, No. 25-05197.
(Reporting by Jonathan Stempel in New York; Organization by Mark Porter and Rod Nickel)
