Apple shares rose over 2% on news that the company has partnered with Alibaba to bring AI services to its devices in China. The companies have submitted AI features to China’s cyberspace regulator for approval. The partnership follows Apple’s previous collaboration with Baidu, which did not meet expectations for AI models. Apple’s decision to introduce AI features in China follows weak iPhone sales, partly due to the absence of Apple Intelligence.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple shares rose over 2% on news that the company has partnered with Alibaba
00:06to bring AI services to its devices in China.
00:09The companies have submitted AI features to China's cyberspace regulator for approval.
00:14The partnership follows Apple's previous collaboration with Baidu,
00:18which did not meet expectations for AI models.
00:21Apple's decision to introduce AI features in China following weak iPhone sales there,
00:26partly due to the absence of Apple intelligence.
00:29For all things money, visit Benzinga.com slash GSTV.