Apple iPhone operating system (iOS) has recently encountered scrutiny from the EU over ‘interoperability obligations.’ The regulatory body issued a warning to the tech giant to open its operating system to rival technologies under the Digital Markets Act (DMA) compliance. Meanwhile, AI coins remain unfazed during the recent price actions.
EU Cracks Down On Apple, Mandates Opening iOS
An official announcement by the EU dated September 19 revealed that regulatory watchdogs launched two proceedings to assist Apple in compliance with the DMA. These new proceedings mandate the firm to open iOS and iPadOS for full interoperability and functionality with other technologies and firms.
However, if the tech giant fails to comply with these regulations, a hefty fine of 10% of the firm’s annual turnover may be imposed. The European Commission declined any statements on the matter at the time of reporting. Besides, Apple did not reveal any official comments on the matter either.
Simultaneously, this recent regulatory crackdown could present the tech giant with a significant setback despite the recent launch of Apple AI push with iPhone 16. Should the firm adhere to the EU’s recent provisions, it may not be false to say that the AI industry could see a paradigm shift. Once open, the IOS could be leveraged by numerous other AI developing firms, setting off waves across the sector. For context, the iPhone’s latest iOS boasts AI capabilities boasting OpenAI’s ChatGPT.
Besides, it’s also noteworthy that the California tech giant could encounter a setback with no complete patent control over its operating system. Failing to comply with the regulations also results in a significant setback due to hefty fines.
What’s Ahead For AI Coins?
With Apple’s recent push into AI, the tech firm has emerged as a key player within the artificial intelligence industry. Meanwhile, Nvidia, another tech giant, continues to influence the AI crypto sector. Nevertheless, with the recent rise in the tech, AI coins have reverberated optimism across the crypto industry.
Renowned tokens such as NEAR, FET, and RENDER noted annual gains worth 200%-300% in tandem with the rise in AI adoption. Despite the recent legal scrutiny around the sector, these coins portray an optimistic market picture for the future, in line with AI growth, as seen by Apple’s recent journey into the sector.
REDER price was up nearly 10% today, resting at $5.13. NEAR was up roughly 12% today, sitting at $4.44. And, FET was up 14%, reaching $1.54.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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