Apple's (NASDAQ:AAPL) team-up with Alibaba (NYSE:BABA) as part of its China AI strategy represents “a big step forward” for the tech giant, according to Wedbush analyst Daniel Ives.
The collaboration ends Apple’s search for a Chinese tech partner, a crucial step for launching its AI services in the region. Alongside Baidu's (NASDAQ:BIDU) involvement, the partnership is expected to boost Apple’s growth in China, with an AI service launch reportedly set for early May.