Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case Apple has filed a major lawsuit in the U.S. District Court for the Northern District of California accusing OpenAI , io Products, and former Apple executives of misappropriating trade secrets to fast-track AI hardware development. The complaint details a months-long scheme involving former Apple employees now at OpenAI. ...
Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case Apple has filed a major lawsuit in the U.S. District Court for the Northern District of California accusing OpenAI , io Products, and former Apple executives of misappropriating trade secrets to fast-track AI hardware development. The complaint details a months-long scheme involving former Apple employees now at OpenAI. Key defendants include Tang Tan (OpenAI hardware lead and ex-Apple VP of product design) and Chang Liu (former Apple senior electrical engineer). Apple alleges they directed recruits to share confidential details on unreleased devices, components, manufacturing processes, and suppliers. Specific claims, according to the WSJ , include Tan instructing interviewees to bring physical Apple hardware parts for review, retaining and distributing an internal Apple "Need to Know" departure security document, and using stolen supplier information to trick partners into using proprietary techniques. Liu is accused of downloading over a thousand pages of confidential files post-departure via a retained laptop and maintaining improper contacts at Apple for ongoing updates. ( MacRumors ) “This case is about Apple’s former employees stealing Apple’s trade secrets for the benefit of OpenAI. Apple brings this suit to put a stop to it.” Apple describes the conduct as “the tip of the iceberg” and states that OpenAI’s hardware efforts are “rotten to its core” due to reliance on misappropriated information. The company first contacted OpenAI in February with concerns but received no response. ( 9to5Mac ) In a response to inquiry by MacRumors, Apple said: “At Apple, our teams are constantly developing breakthrough technologies to create the best products and services in the world, and protecting their work and intellectual property is something we take very seriously. Recently, significant evidence has emerged suggesting individuals employed by OpenAI wrongfully took Apple’s secret and confident...
Yahoo Finance Tech Editor Dan Howley explains how Meta's new Muse AI tool generates images using a public user's likeness and how users can manage their privacy settings to opt out.
Yahoo Finance Tech Editor Dan Howley explains how Meta's new Muse AI tool generates images using a public user's likeness and how users can manage their privacy settings to opt out.
In this article OPENAI.FG AAPL Follow your favorite stocks CREATE FREE ACCOUNT The Apple Park campus stands in this aerial photograph taken above Cupertino, California, U.S., on Wednesday, Oct. 23, 2019. Sam Hall | Bloomberg | Getty Images Apple on Friday sued OpenAI in federal court in Northern California, alleging trade secret theft, saying that the artificial intelligence lab took the iPhone ma...
In this article OPENAI.FG AAPL Follow your favorite stocks CREATE FREE ACCOUNT The Apple Park campus stands in this aerial photograph taken above Cupertino, California, U.S., on Wednesday, Oct. 23, 2019. Sam Hall | Bloomberg | Getty Images Apple on Friday sued OpenAI in federal court in Northern California, alleging trade secret theft, saying that the artificial intelligence lab took the iPhone maker's intellectual property in order to develop its own consumer hardware. "This much is clear, however: at every level, from members of its Technical Staff to its Chief Hardware Officer, and in coordination with business partners, OpenAI has been stealing Apple's trade secrets and confidential information," the company said in a legal filing. It's a shocking reversal for the two companies, which entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone's operating system. OpenAI CEO Sam Altman visited Apple's headquarters for the announcement. But relations between the two companies have chilled since OpenAI announced plans to enter the hardware industry last year, when it bought former Apple designer Jony Ive 's startup, called IO Products, for $6.4 billion. Apple's updated version of its Siri assistant, which is coming out this fall, is based on Google 's Gemini AI models instead of ChatGPT. Most of Apple's allegations involve former employees who have interviewed with or joined OpenAI. Read more CNBC tech news Anduril CEO says it's bad to IPO in 'middle of a hype cycle' Palo Alto CEO Arora says AI pricing needs to fall 90% as token costs skyrocket OpenAI's newest AI model is 54% more token efficient on agentic coding, Altman tells CNBC Meta jumps into AI coding market in effort to chase Anthropic and OpenAI Apple alleged that OpenAI's chief hardware officer, Tang Tan, who is a former Apple vice president , has directed Apple employees interviewing at OpenAI to share Apple secrets as part of the interviewing process. Tan is named as a de...
US President Donald Trump faces questions about the security of his new Air Force One plane gifted by Qatar, after he took an older jet home from a Nato summit this week. The billionaire president has barely been able to contain his excitement over the retrofitted Boeing 747-8 aircraft, which took him to Ankara on its maiden trip outside the United States. But then Trump abruptly announced in Turk...
US President Donald Trump faces questions about the security of his new Air Force One plane gifted by Qatar, after he took an older jet home from a Nato summit this week. The billionaire president has barely been able to contain his excitement over the retrofitted Boeing 747-8 aircraft, which took him to Ankara on its maiden trip outside the United States. But then Trump abruptly announced in Turkey that he was sending the luxury plane on ahead to a British airbase – saying it was so US troops...
Choosing between State Street Energy Select Sector SPDR ETF (NYSEMKT:XLE) and iShares Global Clean Energy ETF (NASDAQ:ICLN) comes down to a preference for low-cost, domestic fossil-fuel giants versus a global, ESG-screened portfolio of renewable energy developers. XLE provides a liquid, concentrated vehicle for betting on the traditional energy giants within the S&P 500. Conversely, ICLN offers di...
Choosing between State Street Energy Select Sector SPDR ETF (NYSEMKT:XLE) and iShares Global Clean Energy ETF (NASDAQ:ICLN) comes down to a preference for low-cost, domestic fossil-fuel giants versus a global, ESG-screened portfolio of renewable energy developers. XLE provides a liquid, concentrated vehicle for betting on the traditional energy giants within the S&P 500. Conversely, ICLN offers diversified international exposure to the clean energy transition. This match-up highlights the differences in cost, volatility, and sector focus between traditional and sustainable energy strategies. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield based on the closing prices of July 9. Continue reading
hocus-focus/iStock Unreleased via Getty Images Introduction The last time I covered The Walt Disney Company ( DIS ), I upgraded it to Buy, citing how the valuation had become more compelling while streaming turned profitable, highlighting the company’s strong free cash flow recovery, improving DTC (direct-to-consumer) profitability, and solid performance in sports and theme parks. With the company...
hocus-focus/iStock Unreleased via Getty Images Introduction The last time I covered The Walt Disney Company ( DIS ), I upgraded it to Buy, citing how the valuation had become more compelling while streaming turned profitable, highlighting the company’s strong free cash flow recovery, improving DTC (direct-to-consumer) profitability, and solid performance in sports and theme parks. With the company’s performance continuing to be solid despite the ongoing macro pressure and a new CEO joining the team in the meantime, Disney remains a Buy, with significant re-rating potential coming even beyond the Lionsgate acquisition that’s currently rumored, as well as a broader macro recovery and other long-term tailwinds. DTC’s Pivot Into Profitability Accelerates The Walt Disney Company IR Disney’s Q2 report was solid overall, with the company beating the market’s EPS and revenue estimates, with the stock jumping on the positive news, while posting 10% growth in the revenues of Entertainment—including a 4% benefit from the FuboTV ( FUBO ) deal—2% in Sports, and 7% in Experiences, with excellent growth in streaming services, which saw a massive 88% increase in operating income, reaching $582 million in Q2 when excluding Hulu Live TV and Fubo vMVPD, with the company’s new CEO still seeing Disney+ as their “digital centerpiece.” The free cash flow was still very strong at $4.94 billion in Q2, with Q1 being negative since it included a significant $1.7 billion deferred tax payment and a broader working capital headwind, as well as some pressure on the Entertainment segment, although that indicates more of a timing issue rather than fundamental weakness. Right as I was writing this, there were reports of Disney considering a free Disney+ option in an effort to capture more of the streaming market amid significant competitive pressure, with reports of the industry even testing more direct ways to compete with YouTube/Instagram/TikTok/etc. through short-form vertical videos and podcast...
zorazhuang/iStock via Getty Images The U.S. Department of Justice, the U.S. Environmental Protection Agency, and the state of Kansas said Friday they filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 pipeline rupture in Kansas. The DoJ said Canada's South Bow Corp. ( SOBO ) agreed to pay a civil penalty of...
zorazhuang/iStock via Getty Images The U.S. Department of Justice, the U.S. Environmental Protection Agency, and the state of Kansas said Friday they filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 pipeline rupture in Kansas. The DoJ said Canada's South Bow Corp. ( SOBO ) agreed to pay a civil penalty of ~$26.8M for the rupture and complete work to prevent future oil spills, which is estimated to cost ~$40M; the company will also contribute more than $3M to Kansas for natural resource restoration projects. In December 2022, the pipeline spilled nearly 13K barrels of oil into a creek in Washington County, Kansas, and a resulting probe concluded the pipeline ruptured due to a crack in a weld, which progressed due to pressure and temperature fatigue. Keystone Pipeline is a 2,687-mile oil pipeline that runs from Canada's Alberta province to Port Arthur, Texas; the EPA said the rupture occurred in a section of the pipeline that stretched from Steele City, Nebraska, to Cushing, Oklahoma. More on South Bow South Bow Shareholder/Analyst Call Transcript South Bow: Nice Company, Solid Assets, But Wrong Time To Buy South Bow: As Dust Settles - Downgrade To Hold