Apple made a significant announcement at the WWDC24 event, unveiling its new artificial intelligence service called ‘Apple Intelligence.’ This news caused a sudden drop in the price of Render (RNDR), an altcoin focused on artificial intelligence.
The introduction of Apple Intelligence means that iPhone, iPad, and Mac devices will now have the ability to comprehend and generate language and images. Render Token (RNDR) gained attention when Apple mentioned Octane, a 3D design software powered by Render Network, during its presentation on the M4 chip in the latest iPad.
In early 2024, Apple Insider reported that investment bank Morgan Stanley predicted that Apple would be the biggest beneficiary as artificial intelligence becomes more mainstream. The bank’s analysts highlighted Apple’s advancements in Edge AI, such as the improved AI-powered Siri 2.0 and a more extensive AI-enabled operating system.
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