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Recent Editions
Risk Channel
North America
Apple has sued OpenAI, alleging that former employees, including hardware chief Tang Tan, helped obtain trade secrets as the AI company develops devices that could challenge the iPhone. The case echoes Apple’s lengthy legal battles against Android manufacturers and may help slow staff departures or delay a rival before it launches hardware. OpenAI denies seeking competitors’ confidential information, while chief executive Sam Altman said he has “tremendous respect” for Apple. The dispute exposes Apple’s vulnerability after struggling to produce leading AI products and relying on Google technology for its redesigned Siri. However, Apple retains major advantages through its chips, installed device base and control over access to billions of users. The lawsuit may buy incoming chief executive John Ternus time, but Apple’s future position will ultimately depend on developing compelling AI devices and services.
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Risk Channel
UK/Europe
The European Commission is preparing a "Buy European" initiative that would allow public authorities to favour EU and partner-country suppliers in public procurement, as Brussels seeks to strengthen European industry and reduce dependence on foreign providers, particularly from China. The draft proposals, expected to be published in September by industry commissioner Stéphane Séjourné, would create a legal basis for governments to prefer European companies, while still allowing non-EU suppliers where European alternatives are unavailable or would result in disproportionate costs. The measures are likely to spark debate over protectionism as public procurement, worth around 15% of EU GDP, is increasingly viewed as a strategic industrial policy tool.
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