AI industry competition stories

Jul 10, 2026

Apple Sues OpenAI for Trade Secret Theft Related to AI Hardware Development

Filed on July 10, 2026, this federal lawsuit accuses OpenAI of stealing trade secrets to develop competing AI hardware devices. The suit claims former Apple employees took confidential information about upcoming products for OpenAI's benefit, marking a major rupture in the partnership between the iPhone maker and the ChatGPT developer.

Jul 10, 20269 sources

Jun 3, 2026

Anthropic Selects Morgan Stanley and Goldman Sachs to Lead IPO Preparation

AI company Anthropic PBC has appointed investment banks to lead its initial public offering, positioning itself in a race with rival OpenAI to become the first major AI firm to go public.

Jun 3, 20261 source