Apple (NASDAQ:AAPL) was sued by shareholders in a proposed class action on Friday. The lawsuit accuses the tech giant of downplaying the time required to integrate advanced artificial intelligence features into its Siri assistant.
Filed in San Francisco federal court, the complaint alleges that this misrepresentation hurt iPhone sales and negatively impacted Apple’s stock price.
The shareholders are seeking unspecified damages for investors who lost money in the year ending June 9.
The proposed class action represents shareholders who claim they suffered financial losses due to Apple’s statements regarding the timeline for AI integration in its voice assistant technology.
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