Apple sued by shareholdrs, accues of lying about AI progress — causing iPhone sales, stock to slump
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 voice assistant, hurting iPhone sales and its stock price.The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and esthetic improvements for its products but kept AI changes modest.Apple did not immediat ...