EU pressures Apple to open iOS, risking a 10% turnover penalty; a major shift that could reshape the AI and tech landscape.
AI-focused cryptocurrencies surge despite Apple’s regulatory woes, with tokens like Render and Fetch.ai gaining up to 14%.
Apple’s compliance challenges could alter its control over iOS, potentially giving competitors an edge in AI and tech markets.
The EU has increased pressure on Apple to force the company to make its operating system interoperable with third-party technologies such as iOS and iPadOS. This comes after the EU regulatory bodies launched two cases involving the company under the DMA, which is designed to ensure greater competition and avoid market dominance by large technology companies.
https://twitter.com/euronews/status/1836731315565015276 Apple Faces Penalties for Non-Compliance
Apple is being sued by the European Commission and if the company is found guilty of violating the law, it could be forced to pay up to 10% of its annual earnings to the Commission Apple has failed to meet the EU Regulations that compel it to adapt its iOS systems to third-party technologies and applications.
The regulatory pressure is significant for Apple, which has been trying to build further into its AI capabilities. Recent innovations, including embedding AI within the latest iOS update, suitably place Apple in the artificial intelligence sector; however, EU demands may drastically change how the company governs its technology. It also opens possibilities that doing so with iOS might give competitors an advantage in potentially changing the bigger landscape in AI.
AI Coins - Unharmed by Apple's Regulatory Challenges
Despite the regulatory challenges thrown at Apple, the crypto market has remained quite robust for AI-focused cryptocurrencies. While AI applications in different industries continued to set new milestones, tokens linked to artificial intelligence—NEAR, Fetch.ai, and Render—continued performing well and now show annual gains between 200% and 300%, reflecting growing investor confidence in AI technologies. Lately, Render has jumped about 10% and changed hands at $5.13; NEAR has risen by roughly 12%, changing hands at $4.44, while Fetch.ai is up 14%, with its price spiking to $1.54.
These jumps indicate that AI cryptocurrencies are viewed favorably, especially after big technological jumps by leading companies like Apple and Nvidia. It is interesting indeed that the result of this change in the regulatory landscape will be witnessed by regulators who are still watching the operations of Apple and, more broadly, those of the AI sector. Until then, though, its enthusiasm for AI-related tokens remains undeterred in the crypto market despite continuing legal struggles, which only further speaks to the sector's potential.
The post Apple Under EU Pressure to Ensure iOS Interoperability appeared first on Crypto News Land.
