Alibaba to supply AI tech for Apple's iPhones in China: chairman
The Peninsula
Dubai: Alibaba s chairman said Thursday that the Chinese internet giant would supply artificial intelligence (AI) technology to power Apple siPhones i...
Dubai: Alibaba's chairman said Thursday that the Chinese internet giant would supply artificial intelligence (AI) technology to power Apple's iPhones in the Asian nation.
Apple has suffered from a slump in iPhone sales in China and last year ceded its status as the country's best-selling smartphone brand to two local rivals.
Reports of a tie-up between Alibaba and Apple sent the Chinese firm's share price soaring this week, and chairman Joseph Tsai confirmed Thursday that the California-based company would "use our AI to power their phones".
"Inside China, because of regulatory issues and things like that, (Apple) need to work with Chinese companies that develop AI," Tsai said at the World Governments Summit in Dubai.
"Apple has been very selective. They talked to a number of companies in China and in the end, they choose to do business with us," he said.
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