00:00It's Benzinga bringing Wall Street to Main Street
00:02OpenAI denied Apple's trade secret allegations, arguing the iPhone maker has not shown that
00:07former employees stole confidential information, according to Reuters.
00:11OpenAI said the dispute is a mess of Apple's own making and is unfairly blaming others.
00:16The dispute stems from Apple's July lawsuit accusing OpenAI and former employees Tang Tan
00:22and Chang Liu of misappropriating trade secrets related to hardware design,
00:26manufacturing, and supply chain operations.
00:29OpenAI has sought to dismiss the lawsuit, accusing Apple of using litigation to slow
00:34a potential competitor and discourage employees from leaving.
00:37Court filings show OpenAI hired about 400 Apple employees for its hardware efforts.
00:43Neither company immediately responded to Benzinga's request for comment.
00:47For all things money, visit Benzinga.com.
