WS #11836
Apple filed a lawsuit against OpenAI and two former employees, accusing them of stealing trade secrets related to iPhone hardware to develop OpenAI's own AI devices, marking a major rupture in their partnership. SK Hynix raised $26.5 billion in the largest foreign IPO in US history, with shares closing up 12.8%, signaling strong demand for AI memory chips. Meta shares rose 6% after BofA highlighted more efficient AI infrastructure costs than expected, with plans to deploy custom Iris AI chip with Broadcom and TSMC.
Apple sues OpenAI for trade secret theft
Apple filed a lawsuit against OpenAI and two former employees, accusing them of stealing trade secrets related to iPhone hardware to develop OpenAI's own AI devices, marking a major rupture in their partnership.
SK Hynix raised $26.5 billion in the largest foreign IPO in US history, with shares closing up 12.8%, signaling strong demand for AI memory chips.
Meta shares rose 6% after BofA highlighted more efficient AI infrastructure costs than expected, with plans to deploy custom Iris AI chip with Broadcom and TSMC.