CNBC February 13, 2025
Key Points
– Alibaba Group Chairman Joe Tsai confirmed his company’s AI partnership with Apple, speaking at the World Governments Summit in Dubai on Thursday.
– The partnership was first reported by The Information on Tuesday, triggering a jump in Alibaba and Apple shares.
Alibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China. He was speaking at the World Governments Summit in Dubai.
“[Apple] talked to a number of companies in China, and in the end, they chose to do business with us. They want to use our AI to power their phones,” Tsai said.
The partnership was first reported by tech-focused news...
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