Apple Faces Shareholder Lawsuit Over AI Claims as Siri Updates Delayed Until 2026

Apple investors have filed a proposed class action lawsuit against the tech giant, alleging securities fraud tied to its artificial intelligence announcements. The June 20 filing claims Apple misrepresented the readiness of its 'Apple Intelligence' features during June's WWDC event, particularly regarding Siri enhancements.

Shareholders argue the company overstated AI capabilities that won't materialize until 2026, creating false expectations for iPhone 16 sales. The suit represents investors who suffered losses after Apple's stock price dipped when the AI roadmap became clear. Lead plaintiff Eric Tucker contends WWDC demonstrations created unrealistic expectations about Siri's near-term evolution.

While showcasing aesthetic updates and minor AI improvements, Apple reportedly lacked functional models for its promised voice assistant upgrades. The delayed timeline—with Core features postponed until 2026—has raised questions about the company's competitive position in the accelerating AI race.