"Stock Market Brief" A-share artificial intelligence index rises over 3%, news reports that Apple is in talks to launch AI features in China

Reuters
2024.12.19 05:58
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On Thursday, the artificial intelligence sector of the Chinese stock market surged significantly, with the China Securities Artificial Intelligence Index rising over 3%. AI chip maker Cambricon once rose more than 6%. Reports indicate that Apple is in talks with Tencent and ByteDance to integrate its AI models into iPhones sold in China to address the challenge of declining market share

  • The artificial intelligence (AI) sector of the Chinese stock market surged significantly on Thursday, with the CSI Artificial Intelligence Index (.CSI930713) rising over 3%.

  • AI chipmaker Cambricon (688256.SS) once rose more than 6%, reaching a new high.

  • According to three insiders, Apple (AAPL.O) is in talks with Tencent (0700.HK) and ByteDance to integrate their AI models into iPhones sold in China.

ChatGPT has not yet been made available in China. Regulatory requirements in China stipulate that generative AI services must obtain government approval before public release, forcing Apple to seek local partners for its AI capabilities as its market share declines in China. (End)

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(Reported by Liu Luoyan; Edited by Zhang Xiliang)

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