Apple Investor Sues Over iPhone Siri AI Enhancements Delay (1)

Apple Inc. overstated its timeline to implement artificial intelligence enhancements to its Siri voice assistant, leading to a series of stock declines, a proposed class action filed Friday said.

The stock price has slipped on multiple days since March as the company, analysts, and news outlets noted delays to adding features ahead of the next iPhone upgrade cycle expected this later this year, said the investor’s complaint filed in the US District Court for the Northern District of California.

In recent years, competitors have launched products with advanced AI capabilities, such as Google LLC‘s Gemini and Microsoft Corp.‘s ...