Tag: Apple Inc.

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Jefferies Trims Apple Price Target Amid iPhone 17 Slowdown and Tariff Risks

Jefferies analyst Edison Lee lowered Apple’s price target to $203.07, warning of 17% potential downside. The bearish outlook cites iPhone 17 sales slowdown, tariff risks, and unattractive valuation despite the stock’s 2% YTD decline.

Jefferies has turned increasingly bearish on Apple Inc., with analyst Edison Lee lowering the price target to $203.07 per share while maintaining an underperform rating. The revised target suggests potential 17% downside from Friday’s $245.27 close, reflecting concerns about iPhone 17 momentum, tariff uncertainties, and current valuation levels despite the stock’s 2% year-to-date decline.

Apple Price Target Reduction and Market Impact

by Desai Priyanka
Arts and EntertainmentSoftware Guides

Apple Faces Lawsuit Over AI Training With Copyrighted Books

Two neuroscientists have sued Apple in California federal court, alleging the company trained its Apple Intelligence AI using thousands of copyrighted books from illegal shadow libraries. The case joins multiple lawsuits against tech companies over unauthorized AI training practices.

Apple Inc. faces serious allegations of training its artificial intelligence systems using copyrighted books without authorization, according to a new lawsuit filed in California federal court. Two prominent neuroscientists have accused the technology giant of utilizing illegal “shadow libraries” containing pirated literary works to develop its Apple Intelligence model, marking the latest in a series of legal challenges confronting major tech companies over their AI training methods.

Neuroscientists Lead Class Action Against Apple

by Alvarez Jordan
Arts and EntertainmentStartups

Apple Nears Prompt AI Acquisition to Boost Computer Vision Capabilities

Apple is finalizing a deal to acquire talent and technology from computer vision startup Prompt AI. The 11-person company specializes in advanced visual recognition systems for security cameras and home monitoring applications.

Apple is advancing toward a strategic acquisition of computer vision startup Prompt AI, targeting both the company’s technical expertise and its sophisticated visual recognition technology. According to exclusive reporting from CNBC, the tech giant is in late-stage negotiations to absorb key personnel from the 11-person artificial intelligence firm, marking another move in Apple’s ongoing effort to strengthen its AI capabilities through targeted talent acquisition.

Acquisition Details and Employee Transition

by Desai Priyanka