Despite Launching Its Own AI System, Apple's AI Theme Tokens Tumble
CryptoNewsTerminal Staff10 Jun, 2024
Despite Launching Its Own AI System, Apple's AI Theme Tokens Tumble
Despite Apple's recent announcement of their own AI system, sentiment in the AI sector has taken a downturn. AI theme tokens like RENDER, Fetch.ai (FET), SingularityNET (AGIX), and Bittensor (TAO) have experienced a decline of 3-6%. NEAR also saw a drop of 3.2%. While Apple's entry into the AI market was highly anticipated, it seems that investors are taking a wait-and-see approach. It remains to be seen how Apple's AI offerings will stack up against established players like ChatGPT and Google's Bard. Despite the recent downturn, the long-term prospects for AI are still bright. As AI technology continues to advance, it is expected to have a transformative impact on various industries, including healthcare, finance, and manufacturing.
