Alibaba (NYSE: BABA) stock gains 4% premarket on news that the company's Qwen AI model will power Apple Intelligence on China iPhones.

Apple stock slid significantly downwards in the wake of the WWDC keynote, with some attributing that to disappointment in the...

The Cyberspace Administration approved Apple AI services alongside Huawei. A Khosla-backed startup compressed Qwen from 54GB to under 4GB to run on-device.