Why Is Apple Killing 100s Of ChatGPT-Like Apps On the Chinese App Store?
Portfolio Pulse from Rounak Jain
Apple Inc. (NASDAQ:AAPL) has removed hundreds of ChatGPT-like apps from its Chinese App Store due to new regulations passed by the Chinese government regarding generative AI services and 'deep synthesis technologies'. This is not the first time Apple has purged its Chinese App Store, with previous removals in 2020 and earlier in July to comply with regulations on paid content and gaming respectively.
August 04, 2023 | 11:18 am
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Apple's decision to remove hundreds of AI-based apps from its Chinese App Store could potentially impact its revenue and market presence in China.
Apple's decision to remove these apps is in response to new Chinese regulations. This could potentially lead to a decrease in Apple's revenue from the Chinese App Store and may also affect its market presence in China. The impact is negative as it could lead to a loss of potential revenue.
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