US gov concerns over Apple's AI deal with Alibaba caused stock drop. Alibaba's revenue & earnings beat estimates, but risks remain due to US tensions.

Apple's potential plan to partner with Alibaba to bring Apple Intelligence to its products in China is raising eyebrows in Washington.

Apple's plans to partner with Alibaba to bring Apple Intelligence to its devices sold in China is raising concern among officials in Washington, according

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.