Posted 3/25/2024, 5:44:00 AM
Baidu Shares Jump on Report of AI Partnership Talks with Apple for China iPhones
- Baidu shares surge on reports it is in talks with Apple to provide AI models for iPhones in China
- Chinese media reports say Baidu's AI could be used in iPhone 16 and iOS 18 specifically for the China market
- Move could help Apple appease US regulatory concerns over using proprietary AI tech in China
- Adoption presents growth opportunities for Baidu's AI business which has been a focus
- Apple also said to be in talks with Google over using its Gemini AI, as it looks to catch up in AI features