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Apple establishes Shanghai data venture amidst AI rollout challenges in China

share-iconFriday, January 10 comment-icon3 weeks ago 8 views
News sources:
scmpSCMP
Apple establishes Shanghai data venture amidst AI rollout challenges in China

Credited from: SCMP

  • Apple has launched a new data-processing venture in Shanghai, focusing on software and big data services.
  • The company has registered the venture with a capital of US$35 million, led by Tejas Kirit Gala.
  • This development comes as Apple faces challenges in China's smartphone market, including stiff competition from local brands.
  • Apple is seeking regulatory approval to introduce its AI suite to iPhone users in mainland China.
  • Recent sales data shows a nearly 50% drop in market share for foreign smartphone brands over the past year.

For the full article, visit South China Morning Post.

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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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