For example, Google’s Gemini and Microsoft’s Copilot are revolutionising the way consumers engage with software by providing real-time support, document creation, code development, and more—often fueled by cutting-edge cloud-based models.
A strategy that appeals to its devoted user base but raises concerns about scalability and innovation speed is Apple’s emphasis on user privacy, localised processing, and selective cloud integration. Analysts caution that Apple could lose the interest of developers and enterprises if it doesn’t have a more dynamic AI future, particularly in industries that require cutting-edge generative AI.
The IT community is now keeping a careful eye on whether Apple’s strategic approach to AI will ultimately succeed or if it will have to catch up to Google and Microsoft’s quick-thinking tactics.
Officials say that VARA will be in charge of:
Granting licences to wallet providers, token issuers, and cryptocurrency exchanges
Ensuring adherence to legislation regarding counterterrorism financing (CTF) and anti-money laundering (AML)
Establishing an open and welcoming cryptocurrency ecosystem in Pakistan for investors
The formation of VARA aligns Pakistan with global trends as countries like the UAE, Singapore, and the UK take similar steps to regulate the digital assets space.
Industry experts welcomed the move, saying it could attract foreign investment and stimulate local fintech innovation. However, they stressed the need for clear guidelines, continuous public engagement, and strong enforcement mechanisms to ensure the authority’s success.
