Apple closed up 1.76% to reach a new record high, as the positive effects of Apple Intelligence's localization in China continue to grow
BlockBeats News, July 17 — According to BIT (bit.com) market data, US stock Apple closed up 1.76%, with its share price at $333.26, reaching a historic high, and rose another 0.47% after hours.
On the news front, on July 15 Apple Intelligence completed its first generative AI filing in mainland China. Qianwen by Alibaba will be integrated as an AI capability into Apple Intelligence, providing Chinese users of iOS, iPadOS, macOS, and visionOS with services such as text and image understanding and content generation, all without needing to switch between apps. In addition to Qianwen by Alibaba, Baidu’s AI capabilities will also be incorporated into Apple Intelligence, marking the official rollout of Apple’s localized AI strategy in the Chinese market.
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