Alibaba stock rises after Apple inks deal to use Qwen AI models
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. “Qwen will be integrated into Apple Intelligence experiences within iOS, iPadOS, macOS, and visionOS for users in China,” an Alibaba spokesperson told CNBC. The Cyberspace Administration of…