This company is involved in AI but has been slower to roll out its platform than certain peers -- this may have limited gains in recent years. The tech player has a long track record of growth and has benefited from its investments.
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The developer of the ICEBlock app, used to track local sightings of ICE agents and other law enforcement, sued the U.S. government for alleged free speech infringements. Attorneys for ICEBlock developer Joshua Aaron said the government had used its regulatory power to "coerce" Apple to "suppress First Amendment-protected expression.
Apple has seen extraordinary turnover in its top ranks over just the past week. The iPhone maker has lost its head of AI, top lawyer and a key design executive.
Apple's senior leadership ranks are undergoing their most significant upheaval in years, even as one of the company's most influential executives sought to halt speculation about his own future. Johny Srouji, Apple's senior vice president of hardware technologies and longtime leader of its custom silicon efforts, told employees he has no plans to depart.
Apple chip leader Johny Srouji said in a memo to staff on Monday that he doesn't plan on leaving the company. Bloomberg reported on Saturday that Srouji had told CEO Tim Cook that he was considering leaving.
A section of Wall Street has turned bullish on Apple (NASDAQ: AAPL) stock, citing expectations of renewed momentum as the company increases its focus on artificial intelligence.
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