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.

The Cyberspace Administration of China on Wednesday included Apple's AI services on a list of approved providers.

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

Apple Intelligence approved for launch in China with Alibaba's Qwen AI. Apple second-largest company by market cap on July 31 at 77.5% YES.

The technological rivalry between China and the U.S. has intensified, as they race for AI dominance.

Apple (NASDAQ: AAPL) stock climbs premarket after winning China AI regulatory approval and exploring new AI chip company acquisitions.

The deal, which was rumored to be in the works last year, marks an important step for Apple's AI ambitions in a key market.