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Reports indicate that Alibaba and Baidu saw a rise in their stock prices following their partnerships with Apple to deploy artificial intelligence tools in China. Alibaba's shares increased by 5% after confirming the integration of the AI model "Qwen" into Apple’s services in China, making it easier for users to understand and generate text and images across iOS, iPadOS, macOS, and visionOS systems. Similarly, Baidu's shares rose by 4% after collaborating with Apple on "Apple Intelligence" features for iPhones, amid reports of plans to launch its AI chip division's IPO in Hong Kong, which could be valued at $50 billion. These developments come amid escalating technological competition between China and the United States in the field of artificial intelligence.
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