Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Alibaba Group shares climbed about 5% in U.S. premarket trading on Wednesday after Chinese regulators approved Apple’s on-device artificial intelligence platform for launch in China, marking a major step for the iPhone maker’s AI expansion in one of its most important markets. Apple shares also gained nearly 1% in premarket trading following the announcement.
China’s Cyberspace Administration officially added Apple’s generative AI services to its list of approved providers, allowing the company to roll out Apple Intelligence in the country. The launch will rely on Alibaba’s Qwen AI model, making it the technology powering Apple’s AI features for Chinese users across iOS, iPadOS, and macOS. According to Alibaba, Qwen will support capabilities such as text generation, image recognition, and image creation.
Apple first introduced Apple Intelligence in 2024, but regulatory requirements and technology changes delayed its arrival in China. During that time, Apple rebuilt parts of its AI platform using Alphabet’s Google Gemini models while adapting the service to meet local regulations.
The approval gives Apple an opportunity to strengthen its position in China, where it has been working to regain market share against domestic rivals led by Huawei. Chinese consumers have shown strong interest in AI-powered smartphones, making the launch a potentially important catalyst for future iPhone sales.
For Alibaba, the partnership significantly expands the reach of its Qwen AI ecosystem. The company has integrated Qwen into services such as Taobao, Tmall, and Alibaba Cloud, and the collaboration with Apple introduces the AI model to hundreds of millions of iPhone users across China, further strengthening its position in the country’s rapidly growing artificial intelligence market.
Separately, CNBC reported that Apple is in early discussions with PrismML, a Caltech spinout backed by Khosla Ventures, to evaluate model-compression technology that could reduce Alibaba’s open-source Qwen 3.6 model from roughly 54 GB to under 4 GB. The technology could enable a 27-billion-parameter AI model to run directly on iPhone 15 and newer devices. PrismML CEO Babak Hassibi said Apple is actively evaluating the technology, although neither Apple nor Alibaba has announced when the newly approved AI features will become available to users.
