00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple sued OpenAI for trade secret theft, accusing the AI company and hardware chief
00:07Tang Tan of coordinating efforts to obtain confidential information about unreleased
00:12products. Apple said OpenAI encouraged employees to share components, drawings,
00:18technical specifications, and other proprietary materials while recruiting more than 400 former
00:24Apple workers. The lawsuit claims former iPhone engineer Chang Liu downloaded dozens of confidential
00:30files before joining OpenAI in January. Apple accused OpenAI of coaching departing employees
00:36to conceal their next employer and avoid immediate removal so they could retain access to confidential
00:41information during their final two weeks. Apple is seeking a jury trial and wants OpenAI to destroy
00:46proprietary materials and redesign products containing its technology. OpenAI said it has
00:51no interest in other companies' trade secrets. For all things money, visit Benzinga.com.
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