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Alibaba shares rise after China approves Apple AI services
China’s cyberspace regulator added Apple’s AI services to its list of approved providers, a move CNBC World links to expectations that Alibaba’s Qwen AI will be integrated into Apple Intelligence.
Alibaba’s U.S.-listed shares rose about 4% following news that Qwen AI is expected to be integrated into Apple Intelligence.
CNBC World reported that China’s Cyberspace Administration of China included Apple’s AI services on a list of approved providers.
The update connects Apple AI services with the regulatory approval process in China, which can affect sentiment around companies tied to those AI offerings.