Apple (NASDAQ: AAPL) stock saw a modest rise on Friday amid reports of discussions between the tech behemoth and Baidu about artificial intelligence (AI).
Apple (NASDAQ: AAPL) has entered into preliminary discussions with Baidu (NASDAQ: BIDU) regarding the potential use of the Chinese company’s artificial intelligence technology within its devices in China, per a report from The Wall Street Journal.
One of the primary motivations behind Apple’s interest in partnering with Baidu is China’s regulatory landscape, which mandates thorough vetting of AI models by the country’s cyberspace regulator before public deployment.
This development comes amidst another significant revelation from Bloomberg revealing Apple’s ongoing negotiations with Google-parent Alphabet (GOOGL) to license its Gemini AI training model for iPhones. In addition, Bloomberg’s report mentioned Apple’s discussions with OpenAI, the renowned developer of ChatGPT.
Interestingly, Baidu’s strides in AI technology are noteworthy. Last year, the Chinese company introduced Ernie, an AI chatbot akin to ChatGPT. Baidu has touted Ernie as a robust large language model comparable to global frontrunners such as OpenAI.
Apple (NASDAQ: AAPL) Stock Reaction
AAPL stock rose 0.53% to close at $172.28 on Friday. The traders had exchanged hands with 70,600,247 (70.60 million) shares compared to the average daily trading volume of 60.07 million.
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