Quinn Thompson

The 10 craziest parts of the ChatGPT lawsuit. Apple says: 1.) A former Apple engineer named Chang Liu quit Apple in January 2026 to join OpenAI, secretly kept his Apple-issued laptop instead of returning it, then discovered a bug that let him log back into Apple's private servers from his new desk at OpenAI. He didn't report the bug. He didn't log off. He texted a friend still working at Apple: "LOL, I found out I can access the [server], so funny." Then he spent weeks downloading over 1,000 pages of Apple's confidential engineering files while actively building competing hardware for OpenAI. 2.) Apple is suing OpenAI's Chief Hardware Officer a man named Tang Yew Tan who spent 24 years at Apple as VP of Product Design for iPhone and Apple Watch before leaving to co-found OpenAI's hardware division. Apple alleges that when Tan interviewed Apple employees for jobs at OpenAI, he told them to physically bring Apple hardware to the interview. Batteries. Circuit boards. Logic boards. Prototype parts. Actual physical components taken from Apple's facilities. One candidate was so caught off guard he said he "didn't even know we could take those from the office." 3.) Apple's lawsuit reveals that OpenAI was circulating a confidential internal Apple document, one marked "Need to Know," intended only for Apple's own managers, among new OpenAI hires. The document details Apple's security procedures for when an employee resigns. OpenAI was sharing it with recruits before they even told Apple they were leaving, so they knew exactly what checks to expect and how to avoid them. OpenAI employees referred to it as "a checklist that Tang put together" even though it was clearly an Apple internal document. 4.) Apple's investigation found that OpenAI was actively coaching Apple employees on how to handle their exit from Apple. The advice included: don't sign anything at your exit interview. And if Apple asks you to sign something, contact OpenAI immediately. OpenAI was running legal interference on Apple's own offboarding process in real time, from the inside. 5.) Tang Tan, the former Apple VP who is now OpenAI's Chief Hardware Officer, was reportedly warning Apple employees he was recruiting not to tell Apple they had accepted jobs at OpenAI. The strategy: stay at Apple as long as possible, keep your badge and system access active, and keep gathering information. Apple says it found a clear pattern of departing employees skipping exit interviews, ignoring security outreach, and taking steps to evade the procedures designed to protect Apple's confidential data. 6.) OpenAI's interview process for hardware candidates, many of them current Apple employees, required them to prepare a "Technical Deep Dive" presentation with slides about their work. The instructions asked candidates to disclose which vendors Apple uses, how Apple selects hardware components, what software tools Apple uses for system integration, and how Apple manages its supplier relationships. 7.) Apple's lawsuit alleges that OpenAI interviewers, former Apple insiders who knew the company's internal language, were using Apple's secret project code names during job interviews to ask candidates about unreleased Apple products. Apple documented at least one case where a candidate began screenshotting and downloading confidential Apple files in the hours before his OpenAI interview. During the interview, Tang Tan asked him about the exact same project. Apple says this has become an established pattern. 8.) Apple alleges that OpenAI, through its hardware subsidiary io Products, approached one of Apple's trusted industrial design partners and had them perform Apple's proprietary metal-finishing technique the multi-step process Apple developed over years to produce the distinctive look and feel of its products. OpenAI told the partner that Apple had given permission. Apple had given no such permission. The partner was bound by exclusivity agreements with Apple that explicitly prohibited doing this work for anyone else. 9.) The engineer who broke back into Apple's servers, Chang Liu wasn't acting alone. Apple's lawsuit alleges he was simultaneously coaching a current Apple employee named Alyssa Peng on how to copy files from Apple workstations without triggering the security team, directing her to specific confidential project folders, and using Apple's stolen data to help her prepare for her own OpenAI job interview. To keep all of this hidden, Liu told Peng to stop communicating over Apple devices and switch to a separate private messaging app called LINE. 10.) Apple's lawsuit frames this not as the actions of a few rogue employees, but as a deliberate institutional strategy. OpenAI now employs over 400 former Apple engineers and executives. Apple alleges that OpenAI built its entire hardware recruiting pipeline around extracting Apple's proprietary knowledge from manufacturing processes and supplier relationships to unreleased product designs and that as a result, OpenAI's nascent hardware business is, in Apple's words, "rotten to its core by its illegal reliance on misappropriated trade secrets."

Oil was +6% in before the public knew about the Iran strikes. Bonds and stocks were also sold. Obviously the market (insiders) knew and front ran it. Now the strikes are publicly known and as I type this Nasdaq is green. Not a coincidence. Probably also the top in yields here.

The seizing up of global bond markets is one of the most powerful weapons that Iran has and they understand this. The higher yields go, the less cushion Trump has in the markets to escalate. Re-escalation likely leads to at least weeks of conflict if not more and that starts to become increasingly costly with midterms <6 months away.

🚨 UPDATE: Trump says short sellers are “in big trouble” and being wiped out.

Trump with the rare double pump of Micron