Apple asks court to dismiss proposed class action over Siri AI fraud claims
Apple is seeking to dismiss a class action lawsuit alleging it misled investors regarding its AI capabilities and compliance with App Store rules.Summary
Apple has requested a federal judge to dismiss a proposed class action lawsuit claiming it defrauded shareholders by overstating the AI capabilities of Siri and misrepresenting its compliance with an injunction concerning App Store commissions. The company argues there's no evidence it knowingly misrepresented the timeline for incorporating advanced AI features into Siri, potentially impacting iPhone 16 sales. Apple’s defense also addresses the Epic Games litigation, stating it provided no guarantee that its procedures for complying with the 2021 injunction would be flawless. The lawsuit is led by South Korea’s National Pension Service, one of the world’s largest pension funds, which alleges securities fraud due to stock fluctuations. Apple contends that stock market challenges do not equate to fraudulent activity.
(Source：9to5Mac)