
The News
Apple will use Alibaba’s artificial intelligence technology in its iPhones, a sign of growing optimism over the once-dominant Chinese firm’s ability to develop its own AI services.
“Apple has been very selective. They talked to a number of companies in China, and in the end they chose us,” Alibaba’s co-founder and chairman Joseph Tsai said at the World Government Summit in Dubai.
The sudden emergence of Chinese startup DeepSeek, which rocked financial markets with the release of its R-1 chatbot in January, has “sparked a new AI-related catalyst for Chinese tech stocks,” an expert in Asia Pacific investments told Bloomberg.
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