Apple and Alibaba shares Fall after US officials reportedly question AI partnership

  • Shares in Apple Inc (NASDAQ:AAPL, ETR:APC) and Alibaba Group (NYSE:BABA) dropped on Monday after reports that a potential artificial intelligence partnership between the two companies is facing scrutiny from US officials. Alibaba fell 3.4% in Hong Kong trading, while Apple lost 1.4% in premarket trading, following a report by the New York Times that the White House and members of the House Select Committee on China have raised concerns about a deal that would bring Alibaba's AI tools to iPhones sold in China.