Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
AI Tokens Tumble As Elon Musk Sues Apple and OpenAI For Billions in Damages

AI Tokens Tumble As Elon Musk Sues Apple and OpenAI For Billions in Damages

BeInCryptoBeInCrypto2025/08/26 04:21
By:Lockridge Okoth

Elon Musk’s antitrust suit against Apple and OpenAI sparks chaos in AI crypto markets. Investors panic as sector tokens slump amid regulatory uncertainty.

AI crypto coins slid sharply on Tuesday, almost posting double-digit losses and effectively marking the worst-performing sector.

It follows Elon Musk’s X Corp. and xAI filing an antitrust lawsuit against Apple and OpenAI, calling them out for monopolizing artificial intelligence (AI) access on iPhones.

AI Tokens Dip on Musk’s Antitrust Clash with Apple and OpenAI

The case, filed in the Northern District of Texas, targets Apple’s June 2024 decision to make OpenAI’s ChatGPT the exclusive AI chatbot integrated into iOS.

Per the filing, this arrangement locks out competitors such as xAI’s Grok. This gives OpenAI “billions of user prompts” from iPhone users. Further, the deal offers OpenAI control of more than 80% of the generative AI chatbot market.

Based on this, complainants push that Apple and OpenAI engaged in an “anticompetitive conspiracy.” Supposedly, they grant ChatGPT privileged access to Siri and core iPhone functions.

Therefore, in their lawsuit, they seek “billions” in damages and pursue injunctive relief to dismantle the exclusive integration. They see it as an obstacle to innovation and consumer choice.

The sentiment is that this deal disadvantages rivals like Grok, unable to measure up to the data scale. Additionally, it gives OpenAI an unfair advantage, an expansive real-time feedback loop that could enable dominance.

Reportedly, Apple also manipulated App Store rankings to suppress competing apps.

Despite Grok boasting more than a million reviews, a 4.9-star average, and a second-place ranking in Apple’s “Productivity” category, Musk claims the app has been excluded from the prominent “Must-Have Apps” section, where ChatGPT is featured.

A million reviews with 4.9 average for @Grok and still Apple refuses to mention Grok on any lists

— Elon Musk (@elonmusk) August 25, 2025

Notably, Grok’s capabilities recently attracted the messaging platform Telegram, which had unsuccessfully pursued integration.

Beyond App Store practices, the lawsuit claims Apple is preparing to collect “monopoly rents” through revenue-sharing agreements tied to ChatGPT’s premium service, projected to rise to $44 per month by 2029.

Apple, which controls around 65% of the US smartphone market, allegedly views potential super apps like Grok as existential threats to the iPhone’s dominance.

The filing cites multiple violations, including restraint of trade, monopolization, and unfair competition under federal and Texas law.

Tech Competitors’ Fallout Hits AI Tokens

According to CoinGecko data, the aggregate market capitalization of AI-linked tokens dropped more than 7%. This suggests that the lawsuit’s effects reverberated quickly in crypto markets.

This includes projects tied to decentralized computing and machine learning platforms.

AI Tokens Tumble As Elon Musk Sues Apple and OpenAI For Billions in Damages image 0AI Crypto Coins’ Market Cap Tumble. Source: CoinGecko

Traders cited fears that heightened antitrust scrutiny and corporate infighting could dampen investor enthusiasm for AI-focused crypto plays.

The turnout is unsurprising, given that whenever there is uncertainty around the biggest AI incumbents, smaller AI tokens in crypto suffer.

The reverse is true, with positive developments such as positive earnings reports for firms in the AI space boding well for sector crypto coins. Similarly, AI tokens surged in February amid Elon Musk’s $97 billion OpenAI acquisition bid.

Nevertheless, reactions across the tech and crypto sectors remain divided. Some view Musk’s lawsuit as a legitimate challenge to entrenched monopolies. Meanwhile, others see it as a tactical move to elevate Grok’s visibility.

“Apple’s refusal to applaud innovation and success just shows how they will be left behind, like all before it,” analyst Jacob King wrote on X.

The analyst referenced once-dominant giants such as BlackBerry, Nokia, and AOL, among others.

With billions at stake and AI adoption accelerating, the lawsuit could become a pivotal test case in defining the policing of monopolies in an artificial intelligence-focused era.

The sentiment could spill over beyond Silicon Valley, potentially influencing the crypto economy.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

LPT +1582.54% in 7 Days as Short-Term Gains Overshadow Long-Term Decline

- LPT surged 1582.54% in 7 days but fell 4914.14% over 1 year, showing extreme short-term volatility vs. long-term decline. - Analysts attribute the rebound to market rotation and speculative trading rather than fundamental improvements in the token's value. - Technical indicators suggest short-term exhaustion near $6.552, with moving averages and RSI signaling potential mean reversion after sharp swings. - A backtesting strategy using 50/200-period MA crossovers and RSI/OBV aims to capture short-term reve

ainvest2025/08/29 01:58
LPT +1582.54% in 7 Days as Short-Term Gains Overshadow Long-Term Decline

Bitcoin News Today: Bitcoin's Payment Potential Gains Strategic Support from Block's Dorsey

- Jack Dorsey, Block founder, advocates Bitcoin as a payment tool for small businesses and daily transactions, aligning with Block’s fintech integration strategy. - Block enables Bitcoin payments via Square and Afterpay, reducing adoption friction through user-friendly tools and merchant support. - Market challenges like Bitcoin’s volatility and Ethereum capital shifts persist, but decentralized benefits drive adoption despite risks. - Google Cloud and MoonPay expand crypto infrastructure, while U.S. crypt

ainvest2025/08/29 01:57
Bitcoin News Today: Bitcoin's Payment Potential Gains Strategic Support from Block's Dorsey

Pinecone's Vector Tech Could Reshape AI's Future Amid Sale Rumors

- Pinecone, a leading vector database provider, is considering a potential sale amid rapid growth and high demand for AI infrastructure. - Its technology enables efficient high-dimensional data retrieval, critical for AI applications like semantic search and chatbots, through partnerships with Anyscale, LangChain, and others. - The company recently raised $100M at a $750M valuation and tripled headcount, adopting Notion to streamline workflows and boost productivity across teams. - Innovations in ANN algor

ainvest2025/08/29 01:57
Pinecone's Vector Tech Could Reshape AI's Future Amid Sale Rumors

Bitcoin News Today: Rare Bitcoin Hash Signal Unveils Mining Power Shift

- Bitcoin's hash ribbon signals rare mining power shift, historically tied to price cycle inflection points. - IREN Limited reports $1B+ annualized mining revenue, shifting ASICs to AI GPUs for dual-use flexibility. - IREN leads Bitcoin mining with 728 BTC output, expanding data centers to boost AI infrastructure capacity. - Analysts urge monitoring hashrate trends and major miners like IREN for broader crypto market insights.

ainvest2025/08/29 01:57
Bitcoin News Today: Rare Bitcoin Hash Signal Unveils Mining Power Shift