Set to kick off on Monday, Apple's annual developer conference (WWDC) 2024 is likely to influence the price of artificial intelligence (AI)-related tokens as the company plans to issue them. several updates at the event, including an improved version of Siri.

Project Greymatter is at the center of discussions about what to expect from the California-based tech giant. Looking at the project, Bloomberg reports that the company plans to integrate a set of artificial intelligence (AI) tools into core apps like Safari, Photos, and Notes.

Apple Insider reported in early 2024 that investment bank Morgan Stanley believes the tech giant will benefit the most as AI becomes widespread. The bank's analysts highlighted work on Apple's Edge AI, specifically an AI-enhanced Siri 2.0 and a more widespread AI-equipped operating system.

What to expect from Apple WWDC 2024

OpenAI reports on Reddit that Apple Insider has received precise details about the new functionality of virtual assistant Siri. On its website, Apple claims that it has been testing a series of different command prompts for the new AI. Siri's new prompts are said to contain "natural" language, as humans speak.

In January, Apple Insider reported that analysts at Morgan Stanley expected the tech giant to benefit the most from developments in artificial intelligence.

WWDC 2024 is scheduled to begin on Monday at 17:00 GMT. Announcements at the conference could trigger an increase in the value of tokens in the AI ​​category, such as Worldcoin (WLD), Fetch.ai (FET), Render (RNDR) and Bittensor (TAO).

Data from CoinGecko shows that the top five AI tokens ranked by market capitalization are consolidating after a sharp drop on June 8.

AI-related announcements at WWDC 2024 could trigger an increase in the value of WLD, FET, and RNDR. This phenomenon has happened before. NVIDIA's earnings reports and AI-related updates or announcements from OpenAI and other tech giants have fueled an increase in the value of large market-cap AI tokens.

Source: Coingecko

At the time of writing, WLD and FET prices are down nearly 20%, while TAO and RNDR have lost almost 10% of their value in the past 7 days.



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