Reported about 8 hours ago
Alibaba Group will provide AI technology for Apple’s iPhones in China, marking a significant collaboration amid the competitive smartphone market. Chairman Joseph Tsai announced this partnership after Alibaba's shares surged, highlighting the importance of local collaboration due to regulatory requirements in China. This deal is seen as a crucial move for revitalizing iPhone sales in the country, particularly against rival Huawei, which has been successful in offering AI-enabled smartphones.
Source: YAHOO