Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports the e-commerce pioneer had scored a coveted role in helping power the iPhone in the world's top mobile arena.

Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic

Alibaba Group Chairman Joe Tsai confirmed his company's AI partnership with Apple, speaking at the World Governments Summit in Dubai on Thursday. The partnership was first reported by The Information on Tuesday,

Alibaba Group Holding Ltd has announced a massive investment of $53 billion in artificial intelligence (AI) infrastructure, including data centers, in the next three years. The move highlights the e-commerce giant's ambition to become a global leader in AI technology.

Alibaba has scored a prized deal as it tries to carve out a lead in the highly competitive artificial intelligence race. Apple’s iPhones in China will use Alibaba Group’s AI technology, chairman Joe Tsai said. That confirmed an earlier report that sent the Hangzhou-based company’s shares briefly soaring as much as 9.2% in Hong Kong.

Alibaba and Apple’s partnership will lead to AI-powered features being integrated into iPhones for the Chinese market.

Explore Alibaba Group Holding Limited's stock growth driven by commerce recovery, cloud expansion & Apple partnership. Click for our BABA Q3 earnings update.

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China

Alibaba Group Holding's Q3 earnings beat expectations, and its AI and cloud investments position it well for long-term gains. Click to read why BABA is a Buy.

Alibaba Group Holding Ltd. has announced an ambitious plan to invest over 380 billion yuan ($53 billion) in AI infrastructure over the next three years. Alibaba joins global AI race by investing $53 billion in AI infrastructure to expand its data centers and computing capabilities.