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The Street
The Street
Jacob Krol

Tech News Now: OpenAI responds to Elon Musk's lawsuit, iPhone updates and more

Good morning, and welcome to Tech News Now, TheStreet's daily tech rundown.

In today's edition, we're covering OpenAI's blog post response to Elon Musk's lawsuit, the latest update for your iPhone, and Microsoft's plans for its first "AI PCs."

Tickers we're watching today:  (AAPL) (MSFT) .

Let's get into it.

OpenAI responds to Elon Musk's lawsuit

SAN FRANCISCO, CA - OCTOBER 06: (L-R) Tesla Motors CEO and Product Architect Elon Musk and Y Combinator President Sam Altman speak onstage during "What Will They Think of Next? Talking About Innovation" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 6, 2015 in San Francisco, California. (Photo by Michael Kovac/Getty Images for Vanity Fair)

Michael Kovac/Getty Images

Elon Musk, who was once a part of OpenAI, filed a lawsuit against the AI research lab on Feb. 29 accusing it of unfair business practices, breach of contract, and breach of fiduciary duty among other items listed. On Mar. 5, 2024, OpenAI responded in a public blog post to Musk's lawsuits and offered a lengthy responses noting it intends to "dismiss all of Elon’s claims."

Within the response, OpenAI shared several of Musk's own emails to detail how he also noted that the projects would require a significant sum of fundraising and that the plan was eventually to be a for-profit business. 

OpenAI also writes: "We couldn’t agree to terms on a for-profit with Elon because we felt it was against the mission for any individual to have absolute control over OpenAI. He then suggested instead merging OpenAI into Tesla."

Musk has not publicly responded to the blog post as of the time of this writing, although he has made it clear he finds part of it laughable via a comment on X.

Read our deep dive on the story here.

It's time to update your iPhone

iPhone 15 banner is seen at a store in Krakow, Poland on October 10, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

NurPhoto/Getty Images

The latest version of iOS 17.4, alongside a fresh release for the iPad and Apple Watch, officially dropped yesterday and brings a boatload of new features to the iPhone. Alongside the usual bug fixes and security updates, iOS 17.4 ushers in new emojis, improves Stolen Device Protection, and major App Store changes if you're in the European Union.

While we won't see the App Store changes in the United States or outside of the EU, this change to allow users to download and install apps from places other than Apple's own App store is to abide by the Digital Markets Act before the deadline. This is the first time that alternative app stores are arriving on the iPhone.

In the United States though, you'll gain new emojis, a major update to Podcasts that offers play-by-play transcriptions for the entire catalog of shows, and Apple's expanded the secure locations for Stolen Device Protection.

From your iPhone, you can check for the update by opening up Settings, and then navigating to General and Software Update. iOS 17.4 should appear as an available update and you can choose when to install it, as well as confirm the update with your iPhone security pin. 

Microsoft could show off its first AI PCs in March

Pictured: Microsoft's Surface Laptop Go 2. 

Microsoft

Apple dropped the 13-inch and 15-inch MacBook Air with M3 on Mar. 4, which it dubbed as the "World’s Best Consumer Laptop for AI," but now Microsoft is preparing to show off it's first AI PCs on Mar. 21 according to a fresh report from Windows Central

Specifically, we're expecting a new Surface Pro 10 and Surface Laptop 6, which Windows Central details quite specifically. Both laptops will sport newer processors in both Intel and Arm variants with a focus on ensuring AI features fly thanks to dedicated neural processing units (NPUs). 

These laptops will also be the first to get a forthcoming version of Windows 11 that sports advanced AI features like an enhanced Explore app and CoPilot experience. That updated operating system isn't likely to arrive on day one though and is likely coming later in 2024. Still though, it should only be a few weeks before we see fresh Surface hardware.

Related: Veteran fund manager picks favorite stocks for 2024

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