WS #11838
Apple filed a federal lawsuit against OpenAI and two former employees, alleging a coordinated campaign to steal trade secrets related to unreleased hardware, marking a major rift in their previous partnership. SK Hynix shares rose ~12% on Nasdaq debut, raising $26.5B in the second-largest US IPO after SpaceX, signaling strong AI chip demand. The US Department of Commerce relaxed export controls for the UAE to authorize $1B in Nvidia GPUs and military drones, simplifying AI chip approvals. Meta removed its Muse Image AI feature that allowed users to generate fake images from Instagram accounts, admitting it 'missed the mark' after days of backlash.
Apple sues OpenAI for trade secret theft
Apple filed a federal lawsuit against OpenAI and two former employees, alleging a coordinated campaign to steal trade secrets related to unreleased hardware, marking a major rift in their previous partnership.
SK Hynix shares rose ~12% on Nasdaq debut, raising $26.5B in the second-largest US IPO after SpaceX, signaling strong AI chip demand.
The US Department of Commerce relaxed export controls for the UAE to authorize $1B in Nvidia GPUs and military drones, simplifying AI chip approvals.
Meta removed its Muse Image AI feature that allowed users to generate fake images from Instagram accounts, admitting it 'missed the mark' after days of backlash.