U.S.-listed Chinese stocks continue to gain steam after the country introduced DeepSeek and Alibaba Group Holding’s (NYSE:BABA) affordable AI models.
Alibaba Chair Joseph Tsai confirmed to Bloomberg that Apple Inc (NASDAQ:AAPL) iPhones will use Alibaba’s AI technology. Reportedly, Apple submitted AI features that were co-developed with Alibaba for China’s approval.
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Apple’s move marks its focus on boosting its position in China, as the lack of Apple Intelligence capability in current iPhones in the country and government-incentivized local vendors have cost it its market share.
China also mandated that international companies collaborate with domestic companies as ...