businessSource: CNBCPublished
Apple AI Partnership Boosts Alibaba and Baidu Shares
business · CNBCShares of Alibaba and Baidu rose in Hong Kong after the companies announced a partnership with Apple to deploy their AI tools. The partnership will integrate Alibaba's Qwen AI model into Apple's services in China. This move comes amid a technological rivalry between China and the US for AI dominance.
At a glance
- Alibaba's Qwen AI model will be integrated into Apple's services in China.
- Baidu's shares gained 4% after confirming its work with Apple on Apple Intelligence features.
- The partnership is part of a larger technological rivalry between China and the US for AI dominance.