Alibaba wins prized role powering AI on Apple’s iPhone in China

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Apple Inc.’s iPhones will use Alibaba Group Holding Ltd.’s AI technology, the Chinese firm’s chairman said, affirming reports the e-commerce pioneer had scored a coveted role in helping power the iPhone in the world’s top mobile arena.

Joseph Tsai’s comments came after his company’s shares rose to a 2022 high in Hong Kong following a report about the partnership between the two leading tech firms. The stock, which had risen as much as 9.2% on Thursday, pared much of its gains after Tsai’s comments.

A local partner could help revive iPhone…



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Alibaba wins prized role powering AI on Apple’s iPhone in China


Apple Inc.’s iPhones will use Alibaba Group Holding Ltd.’s AI technology, the Chinese firm’s chairman said, affirming reports the e-commerce pioneer had scored a coveted role in helping power the iPhone in the world’s top mobile arena.

Joseph Tsai’s comments came after his company’s shares rose to a 2022 high in Hong Kong following a report about the partnership between the two leading tech firms. The stock, which had risen as much as 9.2% on Thursday, pared much of its gains after Tsai’s comments.

A local partner could help revive iPhone…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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