Can an Apple lawsuit derail OpenAI’s hardware plans?
On the latest episode of Equity, we debate whether Apple's lawsuit will cast over OpenAi's much-discussed plans to get into hardware and go public.
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Apple filed a trade secrets lawsuit against OpenAI, accusing the company of a pattern of misconduct aimed at getting current and former Apple employees to share confidential information. OpenAI has stated it is not aware of evidence that the complaint has merit. The lawsuit matters because OpenAI is working on hardware products, including a mobile smart speaker, and has filed confidentially for an initial public offering, making legal disputes potentially costly to both efforts. The timing raises questions about whether the lawsuit could cause delays to OpenAI's hardware plans or affect the company's IPO valuation and investor pitch.
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