Investors witnessed a decline in AI-linked cryptocurrency values following the lackluster AI announcements made at Apple's annual developer conference, WWDC 2024. Tokens associated with projects like Render, Fetch.ai, and SingularityNET experienced a decrease ranging from 3% to 5% within a day, despite the overall stability of the cryptocurrency market.

This decrease in value occurred despite high expectations surrounding Apple's WWDC event, where it was anticipated that significant strides in AI would be revealed. While Apple did introduce 'Apple Intelligence,' a collection of AI functionalities for its products, and announced a collaboration with OpenAI's ChatGPT, these unveilings failed to excite investors. Analysts believe that investors were seeking detailed insights into Apple's strategy to utilize AI for groundbreaking features or the creation of entirely new product segments.

The disappointment went beyond the individual tokens as the CoinDesk Computing Index, which monitors AI-related cryptocurrencies, also experienced a downturn. The performance decline in AI crypto-indexes coincided with a drop in Apple's stock price, illustrating a broader lack of enthusiasm within the market regarding the showcased AI advancements at WWDC 2024.