Apple Inc. (AAPL), the consumer technology company behind the iPhone, closed 0.28% lower on Friday after suing OpenAI over its push into consumer hardware. The case could further strain a partnership that brought ChatGPT to Apple devices while raising new uncertainty around OpenAI’s plans to build an iPhone alternative.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Apple filed the lawsuit in a California federal court against OpenAI, its io Products hardware business, and former Apple employees Tang Yew Tan and Chang Liu. The company alleges that OpenAI systematically obtained and used confidential Apple information to speed up its hardware development. OpenAI denied the accusation, saying it has “no interest in other companies’ trade secrets.”
Apple Details Alleged Access to Confidential Files
According to the complaint, Liu kept an Apple-issued laptop and exploited an authentication flaw to access the company’s internal network after joining the AI company. Apple claims that Liu downloaded confidential files related to hardware, manufacturing, and testing.
