Key facts:
Prices of ICP, TAO, FET and other tokens are rising.
New AI features from Apple will be available in the iOS 18.1 update.
Artificial intelligence (AI) tokens have seen a notable rally following Apple’s recent announcement about its efforts to integrate this technology into its devices.
The news has generated a positive impact on the cryptoasset market, driving up the prices of tokens such as Internet Computer (ICP), Bittensor (TAO) and Artificial Superintelligence Alliance (FET).
Among the assets that benefited the most from this announcement is ICP, the native crypto asset of the eponymous network, which registered an increase of 7.6% in the last 24 hoursgoing from $7.9 to $9, as seen in the following graph. TradingView.
However, its price has dropped slightly to $8.5, placing it 22nd among cryptocurrencies with the highest market capitalization.
ICP allows the creation of smart contracts that incorporate AI modelsas well as training and using machine learning models directly on your network.
For its part, TAO, the Bittensor token, also recorded a 6.5% increase in the same period. Its price went from $275 to $293 after Apple’s announcement, although it has since dropped back to $275. This can be seen in the following graph of TradingView.
This token is ranked 38th among the most valued cryptocurrencies. Bittensor is known for its ability to create, train, and share AI models, which can be used by other members of the network. TAO is used to incentivize participants and govern the network.
FET, a token based on the Ethereum network, also showed a significant rebound, rising from $1.29 to $1.37although on the current day it is trading at 1.30 dollars, as can be seen in the chart of TradingView.
This token is the result of the merger of Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN), which seek to create a universal AI token called ASI. The alliance between these three platforms aims to strengthen decentralized artificial intelligence, as explained by CriptoNoticias.
Artificial intelligence at Apple
Apple’s announcement, while not explicitly mentioning cryptocurrencies, has been a catalyst for the rise of these tokens.
During a presentation on Monday, The company revealed its new AI capabilities under the banner Apple Intelligencewith advanced writing features, intelligent responses from Siri, and photo and video editing tools, which will be available in the iOS 18.1 update.
Dion Hinchcliffe, IT Specialist, explained that one of the most notable features of Apple Intelligence will be a software development kit (SDK), which will allow developers to create applications using generative models directly on deviceswhile maintaining the security and privacy features of Private Cloud Compute.
“Apple Intelligence is a fully realized vision of how to implement generative AI on Apple devices. Privacy and security features are a key differentiator, and if agents work well with Siri to take action within and across apps, this will push the boundaries. A strong start in AI for Apple,” he said.
This combination of the technological giant Apple with AI has sparked market interest, benefiting these cryptocurrencies and positioning them as protagonists of a new rally.
