Apple’s AI Talks in China Deal Blow to Baidu Shares, Dips 4%
Shares of Baidu (BIDU, Financial) fell 4% on Thursday after Reuters reported that Apple Inc. (AAPL, Financial) is in talks with Tencent Holdings Ltd. and ByteDance Ltd. to use their artificial intelligence models in Chinese iPhones. Apple’s AI Talks in China Deal Blow to Baidu Shares, Dips 4% Apple is incorporating ChatGPT by OpenAI into…