<2>Apple Asks Court to Dismiss Proposed Class Action Over Siri AI Fraud Claims
<3>Background
Apple has been at the center of a proposed class action lawsuit, which accuses the company of having misled investors about the timeline and readiness of its Apple Intelligence and Siri features. These features have been a key part of Apple’s strategy to improve its AI capabilities and stay ahead in the competitive tech industry.
<3>The Lawsuit
The lawsuit, which was filed in 2025, alleges that Apple made false and misleading statements to investors about the development and readiness of its Apple Intelligence and Siri features. The plaintiffs claim that Apple’s statements were designed to artificially inflate the company’s stock price and to conceal the true state of its AI development.
<3>Key Claims
The lawsuit makes several key claims against Apple, including:
* Apple misled investors about the timeline and readiness of its Apple Intelligence and Siri features
* Apple made false and misleading statements about the development and readiness of its AI capabilities
* Apple concealed the true state of its AI development from investors
* Apple’s statements were designed to artificially inflate the company’s stock price
<3>Impact on Investors
The lawsuit alleges that Apple