How Apple’s big lawsuit could disrupt OpenAI’s IPO plans
TechCrunch AI Theresa Loconsolo ● Covered by 4 sources
Apple filed a trade secrets lawsuit against OpenAI alleging misconduct by senior executives and claiming over 400 former Apple employees work at the company. The lawsuit was filed last Friday as OpenAI reportedly plans an IPO later this year. The case could delay OpenAI's public offering and raise broader questions about data security at AI companies.
Why it matters
Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the timing couldn’t be worse with the company reportedly eyeing an IPO […]
