Issue #21
Apple sues OpenAI, SK Hynix's record US IPO, and Meta pulls an Instagram AI feature
Saturday, July 11, 2026
Today's digest covers Apple's trade secret lawsuit against OpenAI, SK Hynix's $26.5 billion US listing and calls for new domestic fabs, and Meta's decision to remove a contested AI feature from Instagram.
1 of 3 · TechCrunch AI
Apple sues OpenAI over alleged trade secret theft
Apple has filed a lawsuit against OpenAI alleging trade secret theft. The company claims the misconduct was directed by OpenAI's senior leadership, including a longtime former Apple employee.
Read the full story →2 of 3 · TechCrunch AI
SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs
SK Hynix raised $26.5 billion in its US initial public offering, the largest by a foreign company in US history. The company, along with Samsung, is facing calls to establish new chip manufacturing facilities in the United States.
Read the full story →3 of 3 · TechCrunch AI
Meta removes controversial AI feature on Instagram after backlash
Meta discontinued an AI feature on Instagram following user criticism, stating that the tool had missed the mark. The company said the feature was intended to let people control whether their public content could be referenced.
Read the full story →That's your roost for Saturday, July 11. Follow the links for the full stories, and see you tomorrow.
Morning Roost Issue #21