Apple sues OpenAI over alleged trade secret theft
Apple has filed a lawsuit against OpenAI, alleging the company stole trade secrets.
The lawsuit claims OpenAI instructed staff hired from Apple on how to steal trade secrets, which could impact OpenAI’s reputation and position in Apple’s ecosystem.
Oracle and Microsoft, which have ties to OpenAI, have underperformed this year. Oracle’s credit default swap pricing soared after a $300 billion deal with OpenAI and hasn’t come down since, with its debt recently downgraded to BBB-