Apple (NASDAQ:AAPL) has partnered with Alibaba Group Holding Ltd. (NYSE: BABA) to integrate artificial intelligence into its devices in China, aiming to boost iPhone sales in the region. The collaboration follows Apple’s evaluations of various Chinese AI providers, ultimately selecting Alibaba to co-develop AI features that have been submitted for regulatory approval. This move aligns with Apple’s strategy to strengthen its position in China’s competitive smartphone market.
As of Feb. 11, Apple stock is trading at $231.87, up 1.85%, while Alibaba shares have risen 2.11% to $113.67.
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About Apple Inc.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company also offers various related services, including advertising, AppleCare, cloud services, digital content, payment services, and licensing. Its products include the iPhone, Mac, iPad, and wearables like the Apple Watch. The company was founded in 1977 and is headquartered in Cupertino, Calif.
About Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers in China and internationally. The company operates through segments such as Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives. Alibaba was founded in 1999 and is headquartered in Hangzhou, China.
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