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US-listed Alibaba shares rise 4% on Apple AI deal
US-listed Alibaba shares rose about 4% in premarket trading on July 15 after the Chinese tech conglomerate confirmed that its Qwen AI model will be integrated into Apple systems in China.
Alibaba said Qwen will be integrated into Apple Intelligence experiences across iOS, iPadOS, macOS, and visionOS for users in China.
China’s internet regulator, the Cyberspace Administration of China, included Apple’s AI services on a list of approved providers after a review process that followed Apple’s 2024 Apple Intelligence announcement.
China’s rules require generative AI services offered to the public to undergo security assessments and filing.
By August 2024, more than 190 models had been registered for public use.
🔗 Source: CNBC
