Tradingkey - Apple ( AAPL) shares hit another record high, peaking at $328.53. As of press time, the stock was up 4.16% to $327.97.
Reportedly, Apple's AI compliance issues in China have finally cleared the most critical regulatory hurdle. On July 15, the Cyberspace Administration of China released a new batch of filings for mobile-side generative artificial intelligence services, with a total of seven AI products approved, including Apple's 'Apple Intelligence'.
[Source: TradingView]
Alibaba's Tongyi Qwen will be integrated into Apple Intelligence as an AI capability to serve iOS, iPadOS, macOS, and visionOS users in China. Users will be able to directly use Qwen's text and image understanding, content generation, and other functions on Apple devices without switching back and forth between apps.
Meanwhile, yesterday, Silicon Valley AI startup PrismML unveiled a compressed version of Alibaba's Tongyi Qwen model, reducing the original 54GB, 27-billion-parameter large model to under 4GB, allowing it to run fully on iPhone 15 and newer models. This will reduce memory usage by more than 90%, increase inference speed by 6 to 8 times, and cut power consumption by 3 to 6 times.
The move is expected to enable large AI models to run locally on iPhones. Currently, Apple has initiated real-world testing and verification of the technology, focusing on evaluating running speed, energy efficiency, and on-device adaptation. Negotiations between the two sides are still in the early stages, but overall progress is smooth.
It is worth noting that despite passing China's filing list, the product still requires final compliance and technical adjustments before its official launch. According to Bloomberg, the beta version of Apple Intelligence for mainland Chinese iPhone users was briefly available for about an hour before being quickly withdrawn by the company.
In addition, Warren Buffett said in an interview with CNBC that he remains bullish on Berkshire's investment in Apple. He stated that even after news broke that Tim Cook might step down as CEO, Apple remains one of Berkshire Hathaway's largest holdings and one of Buffett's favorite stocks.
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