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Apple and OpenAI escalate legal battle over devices
AFP5d agoneutral
Apple and OpenAI escalate legal battle over devices

A legal battle between Apple and OpenAI over the ChatGPT-maker's secretive device project escalated this week when the artificial intelligence (AI) developer called the iPhone-maker's allegations "baseless" and asked for the lawsuit's dismissal.  Apple sued OpenAI last month in San Jose, California, accusing the AI company of orchestrating a campaign to steal the iPhone maker's trade secrets via former employees as it tries to develop its own consumer hardware device.

Why Apple’s 10% Drop Fails to Tell the Whole Story
Insider Monkey5d agobearish
Why Apple’s 10% Drop Fails to Tell the Whole Story

On July 30, Apple Inc. (NASDAQ:AAPL) released its fiscal third-quarter 2026 report, and the company’s shares dropped as much as 10% in the sell-off. This was a striking reaction to a quarter that produced record earnings per share and beat Wall Street’s revenue estimates. The drop says less about what Apple just did and more […]

Canaccord Genuity Shareholders Back Board as Revenue Tops CAD 2 Billion
MarketBeat5d agobullish
Canaccord Genuity Shareholders Back Board as Revenue Tops CAD 2 Billion

Canaccord Genuity Group (TSE:CF) shareholders approved all matters presented at the company’s fiscal 2026 annual general meeting, including the election of six directors, the appointment of Ernst & Young LLP as auditor and an advisory vote on the company’s executive compensation approach. Dan D

Apple (AAPL) Seeks Injunction In AI Trade Secret Lawsuit
Simply Wall St.5d agobearish
Apple (AAPL) Seeks Injunction In AI Trade Secret Lawsuit

Apple (NasdaqGS:AAPL) has filed a lawsuit against OpenAI alleging misappropriation of confidential AI and hardware technology trade secrets. The complaint seeks a preliminary injunction that Apple says is needed to prevent irreparable harm to its core AI and device development work. The case could bring internal details of Apple's AI research, product security practices, and development processes into public view. Legal and competitive risks around AI intellectual property are back in focus...

Bloomberg6d agoneutral
Big Tech Stocks Storm Back as AI Fears Fade and Euphoria Resumes

(Bloomberg) -- After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesIshbi

Snap’s 2 Big Problems That Scream ‘Stay Away From the Stock’
Barrons.com6d agoneutral
Snap’s 2 Big Problems That Scream ‘Stay Away From the Stock’

Snap stock popped after it reported earnings, but soon crackled as the gains disappeared. Shares of Snap initially jumped 15% on Tuesday following its earnings release, as investors cheered stronger-than-expected revenue and earnings. All the growth is coming from the rest of the world, but those users aren’t very valuable, with average revenue per user (ARPU) of just $1, versus $10.26 in North America.

Apple App Store revenue ticks up despite falling downloads
Proactive6d agobearish
Apple App Store revenue ticks up despite falling downloads

Apple Inc (NASDAQ:AAPL, XETRA:APC) App Store revenue rose 0.6% year-over-year in the first 35 days of its fiscal fourth quarter to $3.4 billion, up from $3.38 billion in the same period last year, according to a note from Bank of America. Total downloads across iPhone and iPad fell 4%...