Apple, Alibaba
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The Trump administration and congressional officials have raised concerns about a deal to put a Chinese company’s artificial intelligence on iPhones.
Alibaba confirmed a partnership with Apple back in February, and the two tech giants have not yet responded to the report in a formal capacity. The deal with Apple is especially significant for Alibaba, since it looks to gain an advantage as firms such as DeepSeek and Baidu work on releasing their own AI chatbots and large language models.
Alibaba stock price plunged as investors reacted to reports that the Trump administration was scrutinizing the deal with Apple.