Apple sues OpenAI for trade secret theft, impacting IPO timeline

Apple has sued OpenAI and former employees for alleged trade secret theft concerning AI hardware. This legal action creates uncertainty regarding OpenAI's market valuation and potential IPO timeline. However, Bloomberg reports that OpenAI's hardware timeline remains unchanged. The company still plans to unveil its first hardware product this year, with a full release scheduled for 2027. Despite the lawsuit, OpenAI continues to pursue its strategic hardware ambitions and product development goals as originally planned.