AI Tokens Failed To Rally After Apple Intelligence Announcement, Elon Musk Threatens Apple Device Ban
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AI Tokens Failed To Rally After Apple Intelligence Announcement, Elon Musk Threatens Apple Device Ban

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Created 2w ago, last updated 2w ago

Apple’s 2024 Worldwide Developers Conference saw the tech giant unveil “Apple Intelligence”.

AI Tokens Failed To Rally After Apple Intelligence Announcement, Elon Musk Threatens Apple Device Ban
Apple’s 2024 Worldwide Developers Conference saw the tech giant unveil “Apple Intelligence” — a suite of new generative AI features set to be included in iOS 18, iPadOS 18, and macOS Sequoia later this year. One of the key features revealed was Siri’s ability to relay user questions to ChatGPT when necessary, with user consent required before any data, documents, or photos are sent to the AI. The responses would then be delivered directly by Siri, powered by OpenAI’s latest iteration of ChatGPT, GPT-4o.
However, the announcement of Apple Intelligence did not trigger a price rally for AI-linked cryptocurrencies. Render (RNDR), Fetch.ai (FET), and Bittensor (TAO) have all seen declines of 7.5%, 3.5%, and 6.6% respectively over the last 24 hours, despite the buzz around AI.
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Meanwhile, billionaire entrepreneur Elon Musk has threatened to ban the use of Apple devices at his companies if Apple integrates OpenAI’s ChatGPT into its iPhone, iPad, and Mac operating systems. Musk expressed his concerns via a post on X, formerly known as Twitter, on June 10. “If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation,” Musk asserted. He even suggested that visitors to Tesla, Space Exploration Technologies Corp (SpaceX), and his other ventures would need to "store their Apple devices in a Faraday cage" upon entry to prevent any potential security breaches.

Musk criticized Apple for relying on OpenAI instead of developing its own AI technology. “It is patently absurd that Apple isn’t smart enough to make their own AI,” he said. “They’re selling you down the river. Apple using the words ‘protect your privacy’ while handing your data over to a third-party AI that they don’t understand and can’t themselves create is *not* protecting privacy at all.”

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