Alibaba’s chair has said it will provide technology for Apple’s artificial intelligence-capable iPhone models sold in China, confirming reports of a high-profile partnership that has fuelled a rally in the Chinese group’s shares.
“Apple has been very selective. They talked to a number of companies in China and in the end they chose to do business with us,” Joe Tsai said at a conference in Dubai on Thursday.
“They want to use our AI to power their phones, so we’re very fortunate and extremely honoured to be able to do business with a great company like Apple,” he said.
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