Market Chatter: Apple Trade Secrets Lawsuit Dismissal Sought by OpenAI

MT Newswires Live16:40

Apple (AAPL) sued Microsoft-backed (MSFT) OpenAI over trade secret theft, but the AI company asked a federal judge to dismiss the case as meritless, Bloomberg News reported Thursday, citing a court filing.

Attorneys for OpenAI said the lawsuit mischaracterizes standard hiring practices and efforts by former workers to assist former colleagues as theft of trade secrets, the news outlet reported.

OpenAI added that Apple filed the suit without proper investigation to offset its own struggles with hiring talent and artificial intelligence integration into its products, Bloomberg News reported, citing the filing.

Apple and OpenAI did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment