Apple’s AI advancements may not only impact sales but could also be a key moment for the development of generative AI.
Apple is getting ready to announce the iPhone 16 on Monday and the company is also getting ready to make a significant push into generative artificial intelligence by introducing it to its customers who use iPhones, iPads, and Macs.
Will Apple AI Be A Game-Changer?
It is possible that the Apple AI push may result in a resurgence for AI coins in the cryptocurrency market the next week, following the current selling pressure. iPhone sales have been on a decreasing slope over the previous two quarters, and it is possible that it will unveil its significant push into generative artificial intelligence that will take place on Monday.
By incorporating Apple Intelligence into its products, the tech giant intends to make some significant strides in the market while simultaneously competing with other companies such as Microsoft and Google in this sector.
An immediate increase of fifteen percent in the price of AAPL shares occurred as a direct result of the tech company’s demonstration of Apple Intelligence earlier in June at the WWDC conference.
The tech company has positioned Apple AI, also known as Apple Intelligence, as a significant feature of its most recent phones and analysts are betting that the exclusivity of this technology will increase iPhone sales.
On the other hand, Apple’s push for artificial intelligence might be more than just a sales driver; it might be a defining moment for the development of generative AI in the future. In a note to investors, Erik Woodring, an analyst at Morgan Stanley noted that the recent 15% drop in the price of Nvidia stock caused a significant amount of selling pressure in artificial intelligence coins.
On the other hand, The tech company’s statements on Monday may spark a significant revival throughout the next week. We anticipate that Apple’s artificial intelligence effort will push all of the company’s software products, including the ability to summarize text message threads, provide an enhanced experience with Siri, bring priority emails to the forefront of the mail app, and much more.
AI Coins Rally Likely Next Week?
Over the past year, artificial intelligence coins have gained significant traction. The most prominent AI coins, including Near Protocol (NEAR), Injective Protocol (INJ), and Fetch.ai (FET), have all provided returns of between 100 and 350 percent on the annual charts.
The market dominance of AI coin is expected to increase in the future due to the fact that leading IT companies are currently engaged in the AI frontier war. On the other hand, market experts are witnessing a comeback in Nvidia stock, following a 25% decline in less than a month.
