Token

Value

Apple

Drops

<a href="https://www.marketwatch.com/investing/stock/aapl" data-wpel-link="external" target="_blank" rel="nofollow external noreferrer">Apple</a> has decided to delay the release of Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing in the European Union due to concerns about the regulations in the Digital Markets Act (DMA), according to multiple reports. 
Apple Intelligence is the company’s new artificial intelligence upgrade. 
An Apple spokesman told CNBC that “Apple Intelligence is a collection of ‘highly capable’ large language and ‘diffusion models,’ as well as an ‘on-device semantic index’ that worked across apps to identify data and feed it to models.” 
This upgrade impacts the Siri voice assistant and other functions, as <a href="https://londoninsider.co.uk/" data-wpel-link="external" target="_blank" rel="nofollow external noreferrer">London Insider reported</a> on Saturday. 
iPhone Mirroring allows users to see and control their iPhones from their Macs, while SharePlay Screen Sharing lets FaceTime users control others’ devices during conversations. 
Fred Sainz, Apple’s senior director of corporate communications, explained to The Verge, “We are concerned that the interoperability requirements of the DMA could force us to compromise the integrity of our products in ways that risk user privacy and data security.” 
Apple is one of six companies the EU has labeled as “gatekeepers” due to their significant market power. 
The other gatekeepers are Alphabet, Amazon, ByteDance, Meta, and Microsoft. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/layerzeros-new-token-launch-sparks-controversy-over-donation-requirement-drops-17-in-value/" data-wpel-link="internal">LayerZero’s New Token Launch Sparks Controversy Over Donation Requirement, Drops 17% in Value</a> 
These companies manage 22 “core platform services,” according to EU lawmakers. 
The Digital Markets Act, effective since May 2023, imposes specific rules on gatekeepers. 
The DMA rules include requirements on interactions with third parties, user control over their data, and business rights to verify advertising on their platforms. 
Violating these rules can lead to penalties of up to 10% of a company’s global annual turnover, or up to 20% for repeated offenses, along with other potential remedies. 
Apple is already under investigation for its business practices in the EU. 
The European Union comprises 27 member states and has a population of 448.4 million. 
Cointelegraph reached out to the Apple press department and Sainz for further confirmation and information but did not receive an immediate response. 
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk">sales@cryptointelligence.co.uk</a>.

Apple Delays Major Features in EU Amid Digital Markets Act Concerns

Crypto Intelligence

Other articles published on Jun 22, 2024

Crypto Spotlight: BlockDAG Ignites With Exhilirating 15,000 TPS; OKB Ascends, Kaspa Makes Waves O...

Worldcoin Price Prediction:Turning Point or Temporary Thrill

Cardano Shows Signs of Recovery, Hovers Around $0.38 Amid Downtrend

Bitcoin IFP Data Signals Potential Price Rally

Chainlink (LINK) Price Prediction – Could LINK Hit $100 Amid Market Uncertainty? Experts’ Insights

Base to Introduce Fault Proofs on Sepolia Testnet in Mid-July

Join our free newsletter for daily crypto updates!