BABA-W Mounts 3%+ as Apple Said to Be Planning to Introduce AI Features for iPhones in CN as Soon as May
Apple (AAPL.US) planned to introduce AI features to its iPhones in China by the middle of this year, which will involve software changes and deeper cooperation with local partners, according to Bloomberg.
Yesterday (13th), Joe Tsai, Chairman of BABA-W (09988.HK), said that Apple needed a localized partner in China to serve iPhone, while Apple has been very selective, ultimately choosing to do business with BABA-W.
Today (14th), BABA-W opened 0.17% higher before its incline expanded, and peaked at $121.8. The stock last leaped 3.68% to $121. Apple has several teams in China and the US working on adjusting its Apple Intelligence platform for China, with the goal of a launch as early as May, sources said.
Apple is relying on Chinese partners such as BABA-W and BIDU-SW (09888.HK) to advance its AI features, according to the report.
Apple is working with BABA-W to build a local system that analyzes and modifies Apple's AI models to meet the needs of China's iPhone, iPad and Mac users, as well as requirements of the Chinese government. BIDU-SW is acting as a secondary partner to handle other features.
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AAStocks Financial News
Web Site: www.aastocks.com
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