Alibaba · Apple · China · Huawei · California · CNBC Technology
U.S.-listed shares in Chinese conglomerate Alibaba rose 4% in premarket trading on Wednesday after confirming that its Qwen AI
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◎ Multiple-sources
"Qwen will be integrated into Apple Intelligence experiences within iOS, iPadOS, macOS, and visionOS for users in China," an Alibaba spokesperson told CNBC.
Key facts
- The company said it reduced the model from roughly 54 GB to less than 4 GB, allowing all 27 billion of its parameters to run on an iPhone 15 or newer
- It follows a long route to a Beijing greenlight for Apple's AI service since the offering was first announced in 2024
- PrismML, a Khosla Ventures-backed spinout from the California Institute of Technology, publicly released compressed versions of Alibaba's open-source Qwen model on Tuesday
- U.S.-listed shares in Chinese conglomerate Alibaba rose 4% in premarket trading on Wednesday after confirming that its Qwen AI model will be integrated into Apple systems in China
Summary
U.S.-listed shares in Chinese conglomerate Alibaba rose 4% in premarket trading on Wednesday after confirming that its Qwen AI model will be integrated into Apple systems in China. The Cyberspace Administration of China included Apple AI services on a list of approved providers, which included products from homegrown companies like Huawei. Alibaba's ADR shares were last seen 3.7% higher. It follows a long route to a Beijing greenlight for Apple's AI service since the offering was first announced in 2024.