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Apple agrees to $250M settlement over iPhone AI marketing claims

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Apple agrees to $250M settlement over iPhone AI marketing claims

Apple has agreed to a $250 million settlement to resolve claims it misled consumers about artificial intelligence features tied to its latest iPhones, according to a federal court filing.

The proposed deal, filed in the U.S. District Court for the Northern District of California, would create a non-reversionary settlement fund to compensate customers who purchased certain iPhone models marketed with enhanced Siri capabilities that were not available at launch.

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If approved, eligible users could receive a minimum of $25 per device, with payments potentially rising as high as $95 depending on the number of claims submitted.

The settlement covers an estimated 37 million devices sold in the U.S. between June 10, 2024, and March 29, 2025, including all iPhone 16 models as well as the iPhone 15 Pro and Pro Max.

TRUMP ADMIN TO REVIEW AI MODELS FROM GOOGLE, MICROSOFT, XAI AHEAD OF PUBLIC RELEASE

iphone user holds device

The settlement covers an estimated 37 million devices sold in the U.S. between June 10, 2024, and March 29, 2025. (Matt Cardy/Getty Images)

The lawsuit alleged Apple promoted a suite of “Apple Intelligence” features – including major upgrades to its Siri virtual assistant – that were not available when the devices went on sale. Plaintiffs said the company “showcased” advanced Siri capabilities in marketing campaigns even though the features “did not yet exist.”

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FORMER APPLE CEO SEES OPENAI POSES LARGEST COMPETITIVE THREAT TO TECH GIANT IN YEARS

“Apple allegedly saturated the market with deceptive ads, inducing consumers to purchase iPhones based on the promise of certain Enhanced Siri features,” the filing states. “It further alleged that public reaction was swift and intense when consumers learned that the Enhanced Siri features would be released later than initially anticipated.”

iPhone 14 and 14 Plus picture

The lawsuit alleged Apple promoted a suite of “Apple Intelligence” features that were not available when the devices went on sale. (Apple)

Consumers argued they were effectively charged a premium for capabilities that were delayed, saying they would not have purchased the devices – or would have paid less – had they known the features would not be available at launch.

Court filings show plaintiffs estimated potential damages at more than $2 billion based on the alleged price premium tied to the promised features, though the settlement represents a fraction of that amount. 

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Apple has denied wrongdoing but agreed to settle to avoid the uncertainty and expense of prolonged litigation.

APPLE CLOSING 3 STORES, INCLUDING ITS FIRST-EVER UNIONIZED LOCATION, SPARKING UNION-BUSTING CLAIMS

In a statement to FOX Business, Apple said it has rolled out “dozens” of AI features across its platforms.

“Since the launch of Apple Intelligence, we have introduced dozens of features across many languages that are integrated across Apple’s platforms, relevant to what users do every day, and built with privacy protections at every step. These include Visual Intelligence, Live Translation, Writing Tools, Genmoji, Clean Up and many more,” Apple said.

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NEW YORK, NY - SEPTEMBER 20: iPhone 11 and iPhone 11 Pro models are displayed as customers shop at Apple's flagship 5th Avenue store on September 20, 2019 in New York City. Apple's new iPhone 11 goes on sale today at the grand re-opening of the 5th Avenue store. (Photo by Drew Angerer/Getty Images)

Apple has denied wrongdoing. (Drew Angerer/Getty Images)

The case underscores growing legal risks for tech companies racing to roll out artificial intelligence tools, as firms compete to attract customers with increasingly sophisticated features. Apple has faced pressure from rivals, including Google and Samsung, which have moved aggressively to integrate AI into their devices.

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To receive compensation, users will need to submit claims confirming they purchased an eligible device and expected to receive the enhanced Siri features that were not delivered at the time. The proposed settlement still requires court approval, with a hearing on preliminary approval scheduled for June.

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Deputy Transport Minister Provides Update on Land Bridge Project

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Deputy Transport Minister Provides Update on Land Bridge Project

The Deputy Transport Minister indicates that global uncertainties are impacting exports and imports. In response, the government is planning measures to address these challenges.


Deputy Transport Minister Clarifies Land Bridge Project

Deputy Transport Minister Alex Collins recently addressed concerns about the proposed Land Bridge project, designed to streamline transportation between key economic regions. Speaking at a press conference, Collins emphasized the project’s role in reducing congestion and boosting trade efficiency, which aligns with the country’s long-term infrastructure goals.

Collins clarified that extensive environmental assessments will be conducted to minimize ecological impact. “Sustainability is at the forefront of our planning,” he assured. The minister highlighted that consultations with environmental experts and local communities are paramount to ensure the project meets ecological standards and benefits all stakeholders.

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Moreover, Collins addressed funding concerns, confirming that the project would leverage a mix of public and private investments. Transparency in financial operations and accountability will be maintained, he added, promising regular updates to keep the public informed about the project’s progress and challenges.

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Building Clarity and Leadership in Construction

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The Most Dangerous Areas in London 2026: A Guide for Visitors

Why Vickie DeHart’s Experience Matters in Cities Like London

London is a city constantly rebuilding itself. Old spaces become new housing. Retail districts evolve. Infrastructure expands. Behind every project is the same challenge: coordinating people, ideas, and execution under pressure.

That is why the career of Vickie DeHart, a construction and real estate leader based in Las Vegas, has lessons that resonate far beyond the United States. Cities like London rely on professionals who can move projects from concept to completion while managing complexity.

DeHart has spent decades doing exactly that. Her work has focused on aligning finance, planning, and on-site execution. Those are the same pressures developers and builders face in London today. “Big ideas only work if they’re grounded in execution,” she says. “You can have a great plan, but it only matters if it actually gets built.”

Her perspective is practical. Construction is not theoretical. It is about making decisions that affect people, timelines, and communities.

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“There’s no hiding in construction,” DeHart explains. “Either it works or it doesn’t.”

Early Life and the Foundations of Responsibility

Vickie DeHart

grew up in Jacksonville, Florida, alongside her two brothers. Her family environment was simple and disciplined. Responsibility was expected, not negotiated.

“If something needed to be done, you stepped in and did it,” she says.

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That mindset carried into adulthood. After graduating from Western High School in Las Vegas in 1979, DeHart entered the workforce and gradually found herself drawn to construction and development.

What attracted her was the clarity of the industry. Progress is visible. Problems cannot be ignored.

“I liked that you could see the results of your work,” she explains. “A building either stands the way it should or it doesn’t.”

Becoming One of Nevada’s Early Female General Contractors

One of the defining chapters of DeHart’s career began at Powerhouse Construction, where she served as Principal and Vice President for five years.

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The company specialised in framing apartments and condominiums, as well as renovations and tenant improvements for commercial retail spaces.

During this time, DeHart carried the company’s general contractor’s licence. That distinction made her one of the first women in Nevada to hold such responsibility.

She rarely presents this as a personal milestone.

“I didn’t think about being first,” she says. “I thought about the responsibility. When you carry the licence, the outcome sits with you.”

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That mindset shaped her leadership approach. Accountability mattered more than recognition.

Lessons from the Job Site

Construction projects are rarely smooth. Delays, miscommunication, and shifting priorities are common.

One early Powerhouse project illustrated this clearly. A project began slipping behind schedule because suppliers and site teams were not aligned.

Instead of assigning blame, DeHart focused on the system.

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“We added daily check-ins,” she recalls. “Even for smaller jobs. It was simple, but it fixed the communication gap.”

The experience reinforced a principle she still believes today.

“Most problems aren’t caused by lack of effort,” she says. “They come from unclear expectations.”

Building EHB: Integrating Planning and Execution

Later in her career, DeHart co-founded EHB alongside Yohan Lowie and her husband, Paul DeHart.

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The idea behind the company was straightforward: reduce fragmentation in development projects.

Too often, planning, finance, and construction operate separately. EHB aimed to connect those functions more closely.

“At EHB we wanted fewer hand-offs,” she explains. “When everyone understands the same goal, projects move faster.”

Her role covers a wide range of responsibilities. She works closely with the CEO on strategy and operations. Her daily work includes financial oversight, insurance, escrow coordination, and collaboration with engineers, architects, and local building departments.

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She also manages leasing and rental properties and works directly with clients during interior selections and home closings.

“One moment I’m reviewing financial details,” she says. “The next I’m walking through a property with a client. That balance keeps decisions realistic.”

Leadership Through Clarity and Presence

DeHart’s leadership style is calm and practical. She does not rely on pressure or hierarchy.

“I don’t believe in pressure-led leadership,” she says. “I believe in clarity.”

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That philosophy influences how she works with teams. Rather than issuing constant instructions, she focuses on clear expectations and follow-through.

She also believes strongly in being physically present.

“You learn more by walking a site than reading ten reports,” she says. “Problems look different when you see them up close.”

In industries like construction, where decisions affect large budgets and tight schedules, that presence matters.

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Wellness, Focus, and Long-Term Perspective

Outside work, DeHart prioritises wellness and time outdoors. Hiking and walking are regular parts of her routine.

The habit began as a personal choice but became an important leadership tool.

“When I step outside, my thinking becomes clearer,” she says. “Solutions often show up when you stop staring at the problem.”

Construction and development bring constant pressure. Physical activity helps her maintain perspective.

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“If you don’t take care of your health,” she adds, “decision-making eventually suffers.”

A Career Built on Practical Ideas

Looking back, DeHart does not measure success through titles or recognition. Instead, she focuses on execution.

Projects delivered on time. Teams that communicate clearly. Processes that work better than before.

Her view of leadership remains simple.

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“Buildings last,” she says. “But so do reputations.”

For cities like London — where development shapes neighbourhoods and communities — that principle carries weight. The best ideas are not the loudest ones.

They are the ones that get built.

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Aeva Q1 2026 slides: 90% revenue surge across diversified markets

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Aeva Q1 2026 slides: 90% revenue surge across diversified markets


Aeva Q1 2026 slides: 90% revenue surge across diversified markets

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Caterpillar group president Shurman sells $5.09m in stock

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Caterpillar group president Shurman sells $5.09m in stock

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KA-EX launches RTD creatine beverage

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KA-EX launches RTD creatine beverage

The sports nutrition beverage is formulated for high-performance athletes. 

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FanDuel CEO Amy Howe out after five years at the sportsbook

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FanDuel CEO Amy Howe out after five years at the sportsbook
FanDuel ousts Amy Howe from CEO post

FanDuel CEO Amy Howe has been ousted from that post after five years at the company, people familiar with the matter told CNBC.

Christian Genetski, FanDuel president, will step in to lead the company, according to the people, who asked not to be named in order to speak about internal matters.

Howe, head of the nation’s leading sportsbook, has shepherded the sports betting company since 2021. She has overseen FanDuel during a time of dramatic expansion in sports gambling and other online gambling in multiple states.

Shares of FanDuel parent company Flutter fell sharply in afternoon trading Wednesday, closing the day down 4%. The stock has been under pressure, down almost 60% over the last year as investors have sold off gaming stocks more broadly amid the sudden specter of competition from prediction markets and worries about consumer spending due to higher gas prices and inflation worries. Shares of DraftKings are down 30% over the same time period.

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In February, Flutter issued 2026 guidance that missed Wall Street expectations

Flutter CEO Peter Jackson told CNBC following the earnings report that he wants to invest $300 million in FanDuel Predicts, the company’s in-house predictions platform, “and that takes our numbers down for 2026.”

“We saw some slightly softer performance in Q4, and we’re reflecting that in the guidance we’re putting in place for this year,” he said.

Jackson said that the company should have spent more on marketing and promotions in a competitive environment but that there was a lack of storylines around NFL players that would drive gambler engagement.

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Howe is one of few women leaders in the industry and the only female CEO of a major gambling company.

In a goodbye note to employees, obtained by CNBC, Howe urged her women colleagues to “keep supporting each other and raising the bar.” She also advised employees to “use your voice. There is a reason you are all here,” she said.

A veteran of Live Nation and McKinsey, Howe brought deep experience guiding companies in transition and especially those under public scrutiny.

Howe has taken a leadership role in the industry on responsible gaming, refusing to advertise in college stadiums or do name, image and likeness, or NIL, deals with college athletes.

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She was also named a 2026 CNBC Changemaker. Howe told an audience of attendees at a CNBC Changemakers event in April that she “cares deeply” about FanDuel.  

“We’ve all worked with leaders who are low integrity, who look out for themselves,” Howe said at the time. “The ability to be the face to a company and a sector, but lead in a way that is authentic to me is, at 54 [years old], a very powerful thing to be able to do.”

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Warner Bros. Discovery books $2.9B net loss tied to Paramount deal

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WBD employees fear job losses with Paramount merger

An American flag flies at Warner Bros. Studio in Burbank, California, on Sept. 12, 2025.

Mario Tama | Getty Images

Warner Bros. Discovery on Wednesday reported a staggering net loss for the first quarter, but it has an explanation.

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The company booked a net loss of $2.9 billion, far larger than the net loss of $453 million it reported in the year-earlier quarter.

The figure included $1.3 billion of “pre-tax acquisition-related amortization of intangibles, content fair value step-up and restructuring expenses” as well as the $2.8 billion termination fee that Warner Bros. Discovery owed Netflix after their pending transaction fell through in February.

Netflix walked away from its proposed deal to buy WBD’s assets after Paramount Skydance came in with a higher offer. Paramount agreed to pay the termination fee as part of its agreement to buy the entirety of WBD, but the cost lives on WBD’s books until the close of the deal.

Since the amount is refundable to Paramount under certain circumstances, such as if it were to terminate the deal with Paramount for a higher offer, the obligation would be shifted to WBD.

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Paramount’s proposed acquisition received approval from WBD shareholders in April and is currently in the midst of a regulatory review process. On Monday, Paramount said in its earnings release that it has “made significant progress” toward closing the deal, which it expects to be completed in the third quarter.

WBD on Wednesday also reported first-quarter revenue that was down 1% year over year to $8.89 billion. The company’s adjusted earnings before interest taxes, depreciation and amortization was up 5% to $2.2 billion. WBD had $33.4 billion in gross debt at the end of the quarter.

Streaming continued to be a highlight for the company.

Total streaming revenue was up 9% to about $2.89 billion as subscriber revenue increased due to the expansion of HBO Max — WBD’s flagship streaming platform — in international markets. Advertising revenue for the unit was up 20% due to an increase in customers subscribing to the ad-supported tier.

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The company said in a shareholder letter it exceeded its guidance of more than 140 million global streaming customers at the end of the first quarter, and it remains on track to surpass 150 million global subscribers by the end of the year.

WBD’s portfolio of pay TV networks, which includes CNN, TBS and the Discovery Channel, continued to weigh on the company. The linear TV networks reported $4.38 billion in revenue, down 8% from the prior year. The company said linear advertising revenue was down 11%, which was primarily driven by the absence of NBA media rights from its portfolio.

Revenue for the film studio division, meanwhile, increased 35% to $3.13 billion year over year.

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Mistras Group, Inc. (MG) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-05-05 Earnings Summary

EPS of $0.08 beats by $0.08

 | Revenue of $169.03M (4.59% Y/Y) beats by $5.05M

Mistras Group, Inc. (MG) Q1 2026 Earnings Call May 6, 2026 9:00 AM EDT

Company Participants

Thomas Tobolski
Natalia Shuman – CEO, President & Director
Edward Prajzner – Senior Executive VP & CFO

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Conference Call Participants

John Franzreb – Sidoti & Company, LLC
Alex Riegel
Gerard Sweeney – ROTH Capital Partners, LLC, Research Division
Gowshihan Sriharan – Singular Research, LLC

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Presentation

Operator

Good day, everyone. My name is Danny, and I will be your conference operator today. At this time, I would like to welcome you to MISTRAS Group, Inc. Q1 2026 Earnings Conference Call. [Operator Instructions]

At this time, I would like to turn the call over to Thomas Tobolski, Senior Vice President, Finance and Treasurer. Thank you.

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Thomas Tobolski

Good morning, everyone, and welcome to the MISTRAS Group’s First Quarter 2026 Earnings Conference Call. I’m joined today by Natalia Shuman, President and Chief Executive Officer; and Ed Prajzner, Senior Executive Vice President and Chief Financial Officer.

Before we start, I want to remind everyone that remarks made during this conference call as well as supplemental information provided on our website contains certain forward-looking statements and involve risks and uncertainties as described in MISTRAS’ SEC filings. The company’s factors that can cause actual results to differ are discussed in the company’s most recent annual report on Form 10-K and other reports filed with the SEC.

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The discussion in this conference call will also include certain non-GAAP financial measures that we believe are useful to investors evaluating the company’s performance, but that were not prepared in accordance with U.S. GAAP. Reconciliation of these non-U.S. GAAP financial measures to the most directly comparable U.S. GAAP financial measures can be found in the tables contained in yesterday’s press release and in the company’s related current report on Form 8-K. These reports are available at the company’s website in the Investors

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Coinbase Cuts 14% of Workforce in ‘AI-Native’ Pivot. The Stock Jumps.

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Coinbase Cuts 14% of Workforce in ‘AI-Native’ Pivot. The Stock Jumps.

Coinbase Cuts 14% of Workforce in ‘AI-Native’ Pivot. The Stock Jumps.

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Form 13G Travel + Leisure Co For: 6 May

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Form 13G Travel + Leisure Co For: 6 May

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