Frank Stronach Found Guilty of Sexual Assault and Indecent Assault in Ontario Court 
Trump Says Anthropic No Longer Seen as National Security Threat 
ByteDance Eyes Iluvatar, Baidu AI Chips Amid China’s AI Push 
SoftBank Vision Fund CFO Navneet Govil to Exit After Decade-Long Tenure 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
SpaceX Stock Soars After Historic IPO, Reaches $2.5 Trillion Market Value 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
UK Banks Report Surge in APP Fraud Losses as Pressure Mounts on Meta and Tech Platforms 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
SpaceX IPO Sparks Market Optimism as Shares Surge 19% on Trading Debut 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
TD Bank Expands Employee Monitoring Software to Boost Productivity Amid Privacy Concerns 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Alibaba shares dropped 3.8% to HK$118.60 on Monday, leading losses on the Hang Seng Index, which dipped 0.2%. The decline followed a New York Times report that the Trump administration is reviewing a major AI partnership between Alibaba Group and Apple Inc. (NASDAQ:AAPL).
The U.S. government is reportedly concerned about national security risks tied to a deal that would integrate Alibaba’s AI technology into Apple iPhones sold in China. Officials fear the partnership could boost China’s AI capabilities, widen the influence of Alibaba’s AI bots, and expose Apple to China’s strict data regulations and censorship policies.
For Alibaba, the deal offers a significant opportunity to advance its AI ambitions by tapping into Apple’s vast user base in China. However, potential U.S. intervention could derail these plans, especially after the company’s cloud unit reported underwhelming earnings for Q1.
Apple, meanwhile, sees the partnership as a way to finally launch its Apple Intelligence features in China—its second-largest market after North America. Due to regulatory requirements, Apple must work with a domestic partner to deploy AI features in the country. While Apple’s AI tools use OpenAI models globally, no such capabilities have been rolled out in China yet.
Alibaba was named Apple’s AI partner earlier this year, but it remains unclear whether the integration has officially begun. As the Trump administration reviews the arrangement, both companies face mounting uncertainty over the future of AI deployment in China.
