Beijing, China – Apple is reportedly in talks with Baidu to utilize the Chinese company’s artificial intelligence technology for Apple devices in China. The preliminary discussions come as Apple seeks a generative AI partner in China, where models must undergo vetting by the country’s cyberspace regulator before being launched publicly, according to a Wall Street Journal report. Baidu, which is the dominant online search platform in China, has not responded to requests for comment regarding the potential collaboration with Apple.
In a separate development, Apple is also reportedly in discussions with Google-parent Alphabet to license its Gemini artificial intelligence training model for iPhones. The move highlights Apple’s efforts to incorporate advanced AI capabilities into its products. Google, as the operator of the world’s largest search engine, and Baidu, with its AI advancements like the ChatGPT-like chatbot Ernie, are key players in the field of artificial intelligence.
Despite the potential partnerships with tech giants like Baidu and Alphabet, Baidu’s stock performance has been lackluster. Facing concerns about the broader Chinese economy, Baidu stock has dropped by 12% this year and 31.5% in the past 12 months. With a weak IBD Composite Rating of 56 out of 99 and a Relative Strength rating of 12, Baidu’s stock price growth has only outperformed 12% of stocks over the past 52 weeks.
The collaboration between Apple and Baidu underscores the growing importance of artificial intelligence in the tech industry, particularly in China. As tech companies continue to explore partnerships to enhance their AI capabilities, the implications for consumers and investors remain significant. With Baidu’s struggles in the stock market, the outcome of the potential collaboration with Apple could have far-reaching effects on both companies and the AI landscape.
Overall, the discussions between Apple, Baidu, and Alphabet highlight the ongoing advancements in artificial intelligence technology and the competitive dynamics in the tech industry. As companies seek to leverage AI to enhance their products and services, the outcomes of these partnerships could shape the future of technology and innovation. Amidst challenges in the stock market, the pursuit of AI excellence remains a key priority for companies like Baidu and Apple as they navigate the evolving landscape of technology and competition.