Apple has notified European regulators of a deal to hire select staff from Huxe, an AI podcast startup, and secure a license to its intellectual property, according to a filing dated June 9.
The disclosure surfaced Friday, the same day Apple shares slipped 1.11% to close at $336.64, down from Thursday’s $340.42. The stock now sits roughly 1.3% below its September 25 closing peak of $341.07. The decline appeared tied to an unverified report of iPhone 18 Pro order reductions, not the Huxe announcement.
Under the arrangement detailed in the European Commission filing, first reported by TechCrunch, Apple will extend job offers to certain Huxe employees and obtain a non-exclusive license to the company’s technology. A non-exclusive license permits Apple to use the IP while leaving the door open for others to do the same.
Huxe, founded by former Google NotebookLM team members Raiza Martin, Jason Spielman, and Stephen Hughes, announced its shutdown on May 21. Its audio service went dark a week later, on May 28.
“The team is relocating on to new things, and we won’t be continuing development of the product,” the company said in its closing statement.
Specifics remain scarce. No purchase price, employee count, named hires, or license scope has emerged. The filing’s wording arrived secondhand, and the underlying document has not been made public.
For shareholders, attention now shifts to Apple’s earnings release on November 2, after the US market close. Analysts expect earnings per share of $1.98.
