AI Daily: xAI suing Apple and OpenAI over AI competition

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

XAI SUES APPLE: Elon Musk’s artificial intelligence startup xAI sued Apple (AAPL) and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence, Reuters’ Mike Scarcella reports. Musk earlier this month had threatened to sue Apple, saying in a post on his social media platform X that “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store.”

NEW SIRI: Apple is in early talks over using Google Gemini AI (GOOGL) to power an overhauled version of the Siri voice assistant, Bloomberg’s Mark Gurman reports. The iPhone maker recently approached the search giant to look into creating a custom AI model that would serve as the foundation of the revamped Siri in 2026, Gurman says, citing people familiar with the matter. Google has begun to train a model that could run on Apple’s servers as well, the author notes.

CRYPTO: Arrive AI (ARAI) is preparing to use Bitcoin cryptocurrency to pay its vendors, clients and employees who prefer it over traditional dollars. “We think cryptocurrency is a better way to pay, and as we continue to expand our footprint globally, we think our associates will be happy to have this option,” said Arrive AI CEO Dan O’Toole, who will be the first staffer to accept his compensation in cryptocurrency.

“Longer term, we see the opportunity to go beyond Bitcoin by creating our own token, an Arrive Coin. It would be designed for use across our entire ecosystem: paying employees and contractors, rewarding loyal customers, settling vendor contracts, and even streamlining transactions within our delivery network. Because our business sits at the intersection of logistics and AI, a proprietary digital currency could enhance transparency, speed and efficiency while giving investors and users a stake in the growth of our platform.” Additional uses for cryptocurrency the company will consider include keeping cash holdings in Bitcoin and instituting a Bitcoin-denominated At the Market program to facilitate fundraising.