In a suit filed Friday, Apple alleged that OpenAI encouraged Apple employees to share information, components, drawings, and other materials related to upcoming products \u2014 as part of the AI company’s efforts to develop its own suite of devices.<\/p>\n
The suit also named Tang Tan, the chief hardware officer at OpenAI. Tan is a 25-year Apple veteran and was most recently its vice president for iPhone and Apple Watch product design, acoustics, materials, and Interconnects design, according to his LinkedIn.<\/p>\n
After leaving Apple in 2024, he joined famed Apple designer Jony Ive’s startup LoveFrom. Both joined OpenAI last year when OpenAI bought out LoveFrom.<\/p>\n
The lawsuit marks a dramatic turn for two companies that were close partners. OpenAI has powered Apple Intelligence and Siri, but ties between the two have frayed over the past year.<\/p>\n
In a statement, OpenAI said it has \u201cno interest in other companies\u2019 trade secrets\u2026 We remain focused on building innovative technology that empowers people everywhere.\u201d\u00a0<\/p>\n
Altman Feuds With Musk Again<\/p>\n
Interestingly, Altman simultaneously\u00a0clashed<\/a> with longtime foe Elon Musk on X. Altman accused the SpaceX and Tesla founder on Saturday of wooing public market investors with unproven claims about space data centers after Musk said Altman was \u201cscamming to a whole new level\u201d in reference to the Apple lawsuit.<\/p>\n \u201cAfter stealing an open source AI charity, you then stole all of Apple\u2019s phone technology! Wow,\u2019 Musk wrote on X.\u00a0<\/p>\n OpenAI IPO Watch<\/p>\n Investors are closely watching developments at OpenAI as it moves toward a public listing, setting up a potential IPO showdown with chief rival Anthropic. Both companies confidentially filed IPO paperwork with regulators last month, before reports emerged that OpenAI may delay its listing until next year rather than the previously expected fourth-quarter timeline.<\/p>\n OpenAI now broadly trails Anthropic, based on the most recently disclosed numbers. In April, Anthropic said it tripled its annual revenue run rate to $30 billion, surpassing OpenAI\u2019s ARR of about $24 billion. Anthropic is valued at $1.08 trillion, compared to OpenAI\u2019s private market valuation of $868.3B, according to data from Nasdaq Private Market.<\/p>\n On Stocktwits, the retail sentiment was \u2018bearish\u2019 for\u00a0AAPL<\/a> and\u00a0ANTHZZX<\/a>, and \u2018extremely bullish\u2019 for\u00a0OPEAZZX<\/a>.<\/p>\n \u00a0<\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n Read Next:\u00a0SK Hynix Falls In Seoul After Strong Nasdaq Debut: MU, SNDK, US Memory Stocks Decline Overnight Amid Fresh US-Iran Tensions<\/a><\/p>\n \u00a0<\/p>\n
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