Apple's annual developer conference, which included the announcement of its artificial intelligence plans, led to a decline in the company's shares and a ripple effect on AI-related cryptocurrencies. The company's shares dropped nearly 2%, while cryptocurrencies like Render, Fetch.ai, and SingularityNET saw a decline of 3%-5% over the past 24 hours. Bittensor's TAO and the Layer-1 network Near Protocol also experienced significant drops, falling nearly 6% and 3.2%, respectively.

The CoinDesk Computing Index, which includes tokens with AI-related utilities, was one of the worst-performing sectors among digital assets, losing 2.5% in market value during the day. This decline was unexpected, as Apple's AI plans were highly anticipated, and the company announced a suite of AI features for its products and a partnership with OpenAI to integrate ChatGPT into Apple software.

Despite the announcements, Apple's shares closed the trading session nearly down 2%, while key U.S. equity indexes saw slight gains. This suggests that investors may have been disappointed by Apple's AI plans or may have been expecting more significant announcements. The decline in AI-related cryptocurrencies may also be a sign of a broader downturn in the digital asset market.

The downturn in AI-related cryptocurrencies may be a sign of a shift in investor sentiment, as the market may be becoming increasingly saturated with AI-related tokens. The decline may also be a sign of a broader downturn in the digital asset market, as investors become increasingly risk-averse.

Overall, Apple's annual developer conference led to a significant downturn in AI-related cryptocurrencies, despite the company's announcements of its AI plans. The decline may be a sign of a shift in investor sentiment or a broader downturn in the digital asset market.