The EU tightens its hold on Apple, requiring the company to release its iPhone operating system for interoperability. AI coins gain.
Apple’s iPhone operating system (iOS) is facing scrutiny from the European Union over “interoperability obligations.”
The EU has warned the tech giant to open up its operating system to competing technologies to comply with the Digital Markets Act (DMA). Meanwhile, AI-related cryptocurrencies have remained unaffected by recent price fluctuations.
EU Orders Apple to Open iOS for Interoperability
On September 19, the EU announced two proceedings to ensure Apple’s compliance with the DMA.
These proceedings require Apple to enable full interoperability of iOS and iPadOS with other technologies and companies.
If Apple fails to meet these regulations, it could face a fine of up to 10% of its annual revenue. The European Commission has not provided any additional comments, and Apple has also remained silent on the matter so far.
This regulatory pressure could pose a challenge for Apple, even amid the company’s recent AI initiatives, such as the iPhone 16 launch.
Compliance with the EU’s rules could lead to a significant shift in the AI industry, allowing other AI developers to access iOS. The latest iOS update includes AI capabilities, including integration with OpenAI’s ChatGPT.
Additionally, Apple could face further setbacks, losing full patent control over its operating system if it does not comply. Non-compliance may result in steep financial penalties.
The Future of AI Coins
Apple’s foray into AI has positioned the company as a key player in the artificial intelligence space, alongside Nvidia, another tech giant heavily involved in AI. Despite recent legal issues in the industry, AI-related cryptocurrencies have shown optimism.
Popular tokens like NEAR, FET, and RENDER have posted impressive annual gains of 200% to 300%, in line with the rise of AI.
Even with ongoing regulatory scrutiny, these coins reflect a positive outlook, bolstered by the growth of AI, as seen with Apple’s involvement.
Today, RENDER’s price rose nearly 10%, reaching $5.13, while NEAR saw a 12% increase to $4.44, and FET climbed 14%, hitting $1.54.
