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.
To view the full article, visit https://ibn.fm/jUQlp
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.
About AINewsWire
AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness.
AINW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit www.AINewsWire.com
Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer
AINewsWire
Austin, Texas
www.AINewsWire.com
512.354.7000 Office
Editor@AINewsWire.com
AINewsWire is powered by IBN
Nightfood Holdings (OTCQB: NGTF) was featured in a recent article that discusses its distinction in combining…
Lantern Pharma (NASDAQ: LTRN) announced a complete metabolic response in a heavily pretreated patient with…
BluSky AI (OTC: BSAI) CEO Trent D’Ambrosio was featured on the latest episode of IBN’s…
BluSky AI (OTC: BSAI), a leader in modular AI infrastructure, has named Andrea Huels as…
D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, released…
Datavault AI (NASDAQ: DVLT), a leader in data visualization and monetization, announced a strategic partnership…