Render

Bittensor

Apple

Artificial Superintelligence Alliance

<p><strong>On June 10, 2024, Apple’s annual developers event took an unexpected turn for the crypto world. The highly anticipated announcements on AI, including the integration of ChatGPT, left investors unimpressed. Consequently, AI-linked cryptocurrencies experienced a steep drop, demonstrating the complex relationship between traditional tech and crypto.</strong></p>
<h2 id="h-apple-intelligence-a-disappointment-for-crypto-investors">Apple Intelligence: A Disappointment for Crypto Investors</h2>
<p>Apple unveiled its personal intelligence system, Apple Intelligence, promising the integration of powerful generative models with personal context. Nevertheless, this announcement failed to attract investors. In fact, Apple’s stock dropped nearly 2%. As a result, AI-related cryptos felt the ripple effect.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Native tokens of Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) plunged by 3% to 5%. Additionally, the Bittensor (TAO) token dropped nearly 6%. This reaction demonstrates the sensitivity of the crypto market to <a href="https://www.cointribune.com/en/crypto-the-future-of-fast-transactions-with-tectum/" target="_blank" rel="noopener noreferrer nofollow">technological advancements</a> by giants like Apple.</p>
<h2 id="h-chatgpt-integration-a-shot-in-the-dark">ChatGPT Integration: A Shot in the Dark?</h2>
<p>Apple’s announcement of its partnership with OpenAI to integrate ChatGPT into iOS, iPadOS, and macOS also disappointed. Despite the revolutionary potential of this integration, cryptos did not react positively. Near Protocol (NEAR), a blockchain network focused on AI, fell by 3.2%.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/invite?a=2831A22E17" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>This decline highlights a disconnect between the enthusiasm for AI in traditional tech and its impact on the crypto market. Furthermore, <a href="https://twitter.com/gdb/status/1800237897871921435?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet%7Ctwtr%5Etrue" target="_blank" rel="noopener noreferrer nofollow">the confirmation of the partnership</a> by Greg Brockman, co-founder of OpenAI, failed to reverse the trend.</p>
<h2 id="h-hope-for-ai-cryptos">Hope for AI Cryptos?</h2>
<p>Despite the plunge, the history of crypto shows resilience in the face of technological shocks. In 2022-2023, skeptics predicted the end of cryptos with AI. Yet, Render and Fetch.ai adapted.</p>
<p>Moreover, the gradual rollout of Apple Intelligence until 2025 offers an opportunity. Bittensor could refine its decentralized AI to complement Apple’s. Render could optimize its graphic rendering for future Apple users. This potential synergy between AI cryptos and tech giants gives hope for a token rebound.</p>
<p>The reaction of AI cryptos to Apple’s event reveals the complexity of their relationship with traditional tech. The drop in tokens like Render, Fetch.ai, and Bittensor shows that even major announcements can disappoint. However, the 2025 horizon for the full deployment of Apple Intelligence and ChatGPT gives hope for a brighter future for AI <a href="https://www.cointribune.com/en/crypto-archethic-proposes-blockchain-as-a-remedy-for-ai/" target="_blank" rel="noopener noreferrer nofollow">cryptos</a>, provided they prove their worth in this evolving ecosystem.</p>

Crypto: Here’s how Apple is destroying AI-linked tokens!

Table of Contents

Cointribune EN

Other articles published on Jun 11, 2024

Is Ethereum Poised to Hit $5K? Market Trends and Expert Insights

How Unisat’s PIZZA airdrop skyrocketed its on-chain activity

BASE Shatters $8 Billion TVL Milestone, Overtakes Optimism: Report

Axie Infinity launches the Axie Bounty Aid

Crypto Forecast 2024: BlockDAG Dominates After Stellar Keynote, Surpassing Toncoin And Dogecoin

Whales Drive Significant XRP Movements

Join our free newsletter for daily crypto updates!