Report: Apple Settles Siri Suit for $25 Million The lawsuit says Siri was developed by researchers at Rensselaer Polytechnic Institute.

By Don Reisinger

This story originally appeared on PCMag

Shutterstock

Apple will pay $24.9 million to settle a long-running lawsuit over the origins of Siri.

Apple will provide Dynamic Advances' parent company Marathon Patent Group with $5 million now, and hand over the additional $20 million after certain conditions are met, the Albany Business Review reports.

The lawsuit, which dates back to 2011, alleges that Apple's virtual personal assistant Siri was developed by researchers at Rensselaer Polytechnic Institute (RPI), which was awarded a patent for the technology in 2007. RPI then licensed the patent to Dynamic Advances.

Apple acquired mobile search tool Siri in 2010 and added it to the iPhone the following year, prompting the suit.

Looking ahead, Dynamic Advances will remain the sole licensee of RPI's technology and has agreed to not sue Apple for the next three years. In addition, the company will give 50 percent of its lawsuit damages to the college, according to the report.

Apple did not respond to a request for comment.

Siri, meanwhile, has faced some competition in the digital assistant world including Google Now, Facebook's M and Microsoft's Cortana.

Don Reisinger

Contributing Writer

Don Reisinger has been a contributing writer for Fortune since 2015.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Thought Leaders

6 Tips From a Clean Beauty Entrepreneur

Sarah Biggers went from a newbie in the natural beauty space to a pro in just a few years. Here are six things she wishes she'd known at the beginning.

Business News

Millions of Americans Are Getting a Pay Bump This Year. Here's Where.

The minimum wage was raised in 21 states on Wednesday.

Franchise

Demystifying Your Profit & Loss Statement — A Guide for Franchisees

When you master the P&L statement, you'll be well on your way to running a profitable business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.