Alibaba confirms Apple deal bringing AI features to iPhones in China

News Snapshot:

Alibaba on Thursday confirmed recent reports of a partnership with Apple that’s set to bring AI features to iPhones sold in China. The deal is an important one for Apple, as iPhone sales have dropped precipitously in the world’s largest smartphone market. The handset experienced an 11% year-over-year drop in China, according to Apple’s most recent earnings report. Apple “talked to a number of companies in China,” Alibaba chairperson Joseph Tsai stated during Dubai’s World Government Summit. “In the end they chose to do business with us. They want to use our AI to power their phones. We feel extremely...