"Apple Explores AI Partnership with Baidu for Chinese Market"

1 min read
Source: Investor's Business Daily
"Apple Explores AI Partnership with Baidu for Chinese Market"
Photo: Investor's Business Daily
TL;DR Summary

Baidu stock gained after reports of preliminary talks with Apple about using its AI technology in China, where such models must be vetted by regulators. This comes after reports of Apple's discussions with Google and OpenAI for AI licensing. Baidu's stock has struggled this year amid concerns about the Chinese economy, with shares down 12% on the year and 31.5% in the past 12 months.

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