US Stock Market Move | Alphabet Inc. Class C (GOOGL. US) rose more than 2% as Gemini model will provide technical support for Apple Inc.'s Siri and other AI functions.

On Tuesday, Alphabet Inc. Class C (GOOGL.US) rose more than 2%, reaching $339.91. In terms of news, Apple Inc. recently announced a significant partnership with Alphabet Inc. Class C to jointly promote the development of artificial intelligence technology. According to the cooperation agreement, Alphabet Inc. Class C's Gemini model and its cloud technology will be the core support for the next generation Apple Inc. basic model, providing strong support for AI functions on future Apple Inc. devices. The highly anticipated new generation of Siri is expected to debut later this year and will use this technology to enhance the user experience. This cooperation only involves underlying technology optimization, and Apple Inc. will not transfer control of Siri or Apple Intelligence to Alphabet Inc. Class C. Apple Inc. plans to pay approximately $1 billion annually to use the Gemini model to assist in training and enhancing their proprietary basic model, but all user interaction data will still be controlled by Apple Inc. or processed locally on devices, ensuring user privacy and security.