US Stock Market Move | The news states that Baidu Inc continues to collaborate with Apple Inc in China to develop AI functions for the iPhone. Baidu Inc Sponsored ADR Class A (BIDU.US) rose over 3%.

On Thursday, Baidu Inc Sponsored ADR Class A (BIDU.US) rose more than 3% to $96.21. According to The Information, two people familiar with the situation revealed that despite Apple Inc. partnering with new partner Alibaba Group Holding Limited Sponsored ADR, they are still collaborating with Baidu Inc Sponsored ADR Class A to develop artificial intelligence features for Chinese iPhone users. Specifically, Baidu Inc Sponsored ADR Class A has been developing an AI search feature that can handle images and text, as well as upgrading the Chinese version of the Siri voice assistant. These features are part of the "Apple Intelligence" feature suite. Apple Inc's partnership with Baidu Inc Sponsored ADR Class A and Alibaba Group Holding Limited Sponsored ADR demonstrates the company's strategy of reducing risks by signing non-exclusive agreements with multiple AI partners.