Apple (AAPL) is climbing 3% after a report stated that the tech giant was partnering with Chinese e-commerce juggernaut Alibaba (BABA) on an AI project.
The Possible Deal Between AAPL and BABA
AAPL and BABA are collaborating to provide new AI features to Apple’s iPhones in China, The Information reported. The enhancements are currently being evaluated by China’s tech regulator, the publication stated.
An Apple store displaying the latest in consumer electronics, from smartphones to wearables.
Apple has indicated that it would roll out new AI features in April.
BABA’s Significant Progress on AI
Late last month, the China-based conglomerate reported that its AI model, Qwen 2.5, achieved better results than DeepSeek’s V3 offering in most metrics. Additionally, BABA reported that its model also outclassed the top-notch, open-source AI offerings of Meta (META) and OpenAI.
Also noteworthy is that the well-known American investment company, Citron Research, has stated that BABA’s new AI models may be very useful for China-based enterprises. In fact, Citron suggested that Qwen “is bullish for China overall and strengthens the long China trade.”
The Recent Price Action of AAPL Stock
In the last month, the shares are little changed while they have climbed 4.5% in the last three months.
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This article is originally published at Insider Monkey.
