- Apple accused OpenAI of targeting current and former employees to obtain confidential documents, designs, and hardware details in a California lawsuit.
- OpenAI responded that it takes the allegations seriously but is not aware of any evidence that the complaint has merit.
- OpenAI CEO Sam Altman said he respects Apple, calling it an “S-tier company,” despite the legal dispute.
OpenAI on Tuesday said it takes allegations made by Apple Inc. in the latter company’s lawsuit “seriously” but is not aware of any evidence that the complaint “has merit.” The ChatGPT-maker reportedly added that it believes in competition and “people working where they want.”
The AAPL stock closed Tuesday’s regular session 0.77% lower before extending losses after hours. At the time of writing, AAPL stock was trading 0.05% lower in extended trading.
“While we take these allegations seriously, we’re not aware of any evidence that this complaint has merit,” OpenAI said in a statement. “We believe in fair competition and allowing people the freedom to work wherever they choose, and we’re focused on building innovative technology that empowers people everywhere.”
The latest remarks come days after Apple sued OpenAI in a federal court in California, alleging that the Artificial Intelligence company carried out a broad effort to obtain trade secrets and hardware designs. The lawsuit claimed that OpenAI encouraged current and former Apple employees to share confidential documents, blueprints, and physical components, with Apple alleging that the effort was directed by OpenAI’s leadership to accelerate the development of competing AI devices.
The new statement expands on OpenAI’s initial response on Friday, when the company said it had no interest in other companies’ trade secrets and remained focused on developing its own technology. A day after the lawsuit was filed, OpenAI CEO Sam Altman said he was not “afraid of Apple,” adding in a post on X that he has “tremendous respect for them” and called the company an “S-tier company.”
Retail sentiment on Stocktwits for OPEAGZX was ‘extremely bullish’ at the time of writing on Tuesday. For AAPL, retail sentiment remained ‘neutral,’ unchanged over the past 24 hours, while message volume was ‘normal.’ Over the past 30 days, conversations around the stock have surged 835%, while the number of watchers has increased 0.1%. The AAPL stock has gained nearly 15% year-to-date.
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