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Apple Sued by Shareholders Over Alleged Lies About AI Progress 😱
How to create stunning UIs just by describing what you want
Gina Acosta
June 24, 2025
Welcome to another edition of Horizon AI,
Apple is widely considered to be losing the AI race, significantly trailing behind companies like OpenAI and Google. Now, it's even facing allegations of misleading investors about its progress in the field.
Let’s get started!
Read Time: 4.5 min
Here's what's new today in the Horizon AI
Apple Faces Shareholder Lawsuit Over AI Claims
Disney Pursues OpenAI Deal While Suing Rival Firms
AI Tutorial: How to create stunning UIs just by describing what you want
AI Tools to check out
AI Findings/Resources
The Latest in AI and Tech 💡
AI News
APPLE
Apple Faces Shareholder Lawsuit Over AI Claims
Apple is facing a proposed class action lawsuit from shareholders, alleging securities fraud. Led by shareholder Eric Tucker, the group claims to have suffered potentially hundreds of billions of dollars in losses.
Details:
Shareholders allege Apple downplayed the time required to integrate advanced AI into Siri, impacting iPhone sales and stock performance.
The lawsuit highlights Apple’s WWDC24 event in June 2024, where shareholders claim they were misled into believing that AI would be a key driver of the iPhone 16.
CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri are named as defendants in the case.
Apple’s stock has dropped nearly 25% since its December 2024 peak, erasing around $900 billion in market value.
The AI boom has been an opportunity for many companies, both new and established, but Apple seems to have struggled to keep up. Constant delays in Siri upgrades and overall disappointing AI progress appear to have fueled the issue.
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DISNEY
Disney Pursues OpenAI Deal While Suing Rival Firms
Disney is stepping up its efforts to protect its iconic characters in the age of generative AI.
Details:
According to Disney’s chief legal officer Horacio Gutierrez, the company is not only suing AI firms over unauthorized use of its IP, but also exploring partnerships, including talks with OpenAI about potential collaborations involving its characters.
This dual strategy, he explained, aims to “preserve Disney’s right to authorize if, under what conditions, and by whom [its] IP and characters are commercialized.”
Disney chose to target Midjourney first to set a legal precedent before going after larger players, claiming “it likely won’t be the last.”
There are reportedly concerns that the government may favor tech companies over content creators due to competition with China, and we could soon see other major studios like Paramount Global and Warner Bros. follow a similar approach.
AI Tutorial
How to create stunning UIs just by describing what you want
Go to HeroUI and sign in.
Type in what you want to build and hit Enter.
👉 Example: “Build a sales tracking dashboard for a car dealership.”
When it’s ready, use the Select & Edit button at the top to tweak any part of the UI.
You can also ask it to make changes or give more instructions through the chat.
Once you're happy with the result, click Code at the top and copy it, or use the Deploy or Share options.
AI Tools to check out
🎶 Mureka AI: AI music generator to create unique melodies, songs and lyrics with AI.
👕 Alta: AI that styles your clothes & learns your taste.
🖥 ComputerX: Smart agent that handles your computer work.
🚀 Martin: AI personal assistant like JARVIS.
🧠 SecondBrain: It allows you to AI chat with anything on a Visual Board.
AI Findings/Resources
🔮 Alexandr Wang: The future isn't humans vs AI
💡 Andrej Karpathy: Software is changing
👉 Everything you need to know about AI in 2 hours
🤔 Why the public needs to challenge the ‘good AI’ myth pushed by tech companies
The latest in AI and Tech
The company describes its new 11.ai as “the voice-first AI assistant that takes action.”
It’s making it available to everyone in alpha starting today, hoping to gather feedback and showcase the potential of voice-first AI assistants.
Leaked information from reverse engineer Nima Owji suggests that xAI may be developing an advanced file editor for its AI tool, Grok.
The editor reportedly supports spreadsheets and allows users to interact with Grok while editing files.
A senior U.S. official reported that DeepSeek “has willingly provided and will likely continue to provide support to China's military and intelligence operations," and is also using workarounds to bypass U.S. export controls to gain access to advanced U.S.-made chips.
The Magenta RealTime (Magenta RT) model was trained on approximately 190,000 hours of mostly instrumental music and responds to text prompts, audio samples, or both.
That’s a wrap!
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Gina 👩🏻💻