Apple Faces Class Action Lawsuit Over AI Project and Cryptocurrency Market
On June 20, Apple shareholders filed a class action lawsuit against the company for securities fraud, alleging that Apple misrepresented the timing and availability of “Apple Intelligence” AI features, particularly Siri, during its 2024 WWDC event. Investors believe that this deception caused significant losses in market value.
The lawsuit claims that shareholders have suffered hundreds of billions of dollars in losses after Apple introduced numerous design and software updates but withheld modest AI upgrades. Indeed, the company’s stock has fallen nearly 25% since its peak in late 2024, wiping out about $900 billion in market capitalization.
Apple's AI Development Program Has Been Significantly Delayed
The shareholders, led by Eric Tucker, said at WWDC 2024 that they believe AI will be a key factor driving the new iPhone 16 models. However, they found that Apple does not have a stable AI model for Siri and is expected to wait until 2026 for major updates to officially launch.
This information was confirmed on March 7, when Apple officially delayed some of Siri's AI updates, causing great disappointment in the analyst community. Experts also did not believe that advanced AI features would be available in time for the iPhone 16 lineup, leading to a loss of market confidence.
Apple's New AI Strategy and Development Plans
Over the past year, Apple has introduced new AI features that lay the groundwork for future improvements. Instead of pushing big AI projects, the company has focused on small solutions like live translation that help users communicate more effectively on a daily basis.
At the same time, Apple has hinted at opening up its own AI tools to developers, along with rival platforms. Craig Federighi emphasized that Apple will provide complete AI tools like OpenAI’s SDK, opening up opportunities for developers to build suitable AI-integrated applications on its devices.
In OpenAI’s ChatGPT-based photo app project, Apple ensures that user data will not be shared without explicit consent, a strategy that marks a turning point in integrating comprehensive AI with regulatory and privacy requirements.
Expert Opinion and Prospects for Apple's Cryptocurrency Development
Ben Bajarin, CEO of Creative Strategies, said that Apple focuses on developing underlying AI technology, paying less attention to user features. This is in line with the trend of many technology companies today, when instead of focusing on direct user experience, they choose to develop a solid platform behind.
Against this backdrop, Apple’s relationship with crypto assets is becoming increasingly close. With the goal of preparing for the integration of blockchain and crypto assets into its ecosystem, Apple is expanding projects related to NFTs, crypto wallets, and decentralized token storage solutions.
In particular, features such as a secure cryptocurrency wallet, secured by blockchain technology, and the ability to integrate DeFi (DeFi) will put Apple at the center of the new cryptocurrency market, opening up many development opportunities for investors and developers in the company's ecosystem.
Source: https://tintucbitcoin.com/apple-kien-vi-nhan-chim-ke-hoach-ai/
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