Apple is hit with a proposed class action lawsuit. Shareholders accuse the company of downplaying how long it would take to pack advanced AI features into Siri. The delay allegedly dented iPhone sales and dragged down Apple’s stock price.
The issue started with Apple’s promises to ramp up Siri’s AI capabilities. Investors expected a quick rollout of next-level voice assistant tech. That didn’t happen. Instead, AI integration lagged, frustrating users and shareholders alike.
Soon after, Apple’s stock took a hit. Investors say the company misled them on timelines and progress, causing financial harm. 
The lawsuit landed on Friday. It claims Apple misrepresented the pace of AI development, hurting the company’s valuation and shareholder value.
Apple has not publicly responded to the suit.
