Apple Shares Rise Over 2% After Announcing AI Partnership with Alibaba in China

Benzinga 2025-02-14

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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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