Feb 14 - Earlier this week, Apple (NASDAQ:AAPL, Financial) made a notable market breakthrough in China through its new partnership with Alibaba (NYSE:BABA, Financial) while seeking potential AI collaborations with Baidu (NASDAQ:BIDU, Financial). The partnership is a "Big Step Forward" for Apple to gain momentum in China's swiftly developing AI sector, according to Wedbush Securities.
Further, Wedbush said that this collaboration is part of a larger industry trend in which American companies are using Chinese expansion of digital skills and technological innovation. Should the deal receive approval, Apple wants to enhance its whole ecosystem by incorporating Alibaba's sophisticated AI solutions and Baidu's confirmed machine learning expertise into its system. The expansion of Apple's technology range through these measures aims to penetrate the market positions across the big tech industry sphere further through the corporate strategy of the company.
As the company is constantly dedicated to impending next-generation technologies and is unable to resist global market competition, it gets immense support from its investors. Constant watch at the hands of investors is on the increasingly sharper competition between technology companies all over the world.