Apple

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Apple acquired certain assets of SigScalr and hired certain SigScalr employees, according to a list of acquisitions maintained by the European Commission. The list said that “SigScalr develops a data log management and observability tool” and that Apple notified the commission of the acquisition on March 12.

According to a report, the company plans to skip higher-performance versions of some of its processors along the way.

OpenAI has struck important deals with Microsoft and Apple over the last couple years. But Microsoft and OpenAI have more or less called it quits.

On Friday, Apple dropped the bombshell news it was suing OpenAI over the alleged theft of trade secrets, claiming that OpenAI stole Apple's confidential data and engaged in efforts to learn proprietary information while recruiting former Apple employees.

Apple's stock has rallied to record highs recently. Some experts say they believe it still has has more room to run.

Apple‘s (NASDAQ:AAPL | AAPL Price Prediction) stock has climbed 15% since June 25, adding $600 billion in market value, pushing shares to $317.18 and right up against the 52-week high of $323.45.

Apple's lawsuit accusing OpenAI of systematically stealing its intellectual property threatens to disrupt the AI company's device ambitions long before the case is resolved. Bloomberg's Mark Gurman joins Ed Ludlow on "Bloomberg Tech.

Bloomberg's Ed Ludlow breaks down why an AI-fueled stock rout in South Korea spilled over into the US market Monday, sending SK Hynix ADRs falling in their second US trading day. Plus, Apple and OpenAI's AI rivalry enters the courtroom, with Apple filing a sweeping trade secrets lawsuit against the ChatGPT maker.

Apple's trade secret lawsuit against OpenAI is packed with a number of extraordinary allegations that paint a picture of a coordinated effort to extract confidential information from current and former Apple employees. But what's perhaps most striking is how casually the alleged misconduct is described, including one message that reads, “LOL, I found out I can access the [network storage], so funny.

CNBC's MacKenzie Sigalos reports on why Apple is suing OpenAI.