Alibaba has scored a prized deal as it tries to carve out a lead in the highly competitive artificial intelligence race. Apple’s iPhones in China will use Alibaba Group’s AI technology, chairman Joe Tsai said. That confirmed an earlier report that sent the Hangzhou-based company’s shares briefly soaring as much as 9.2% in Hong Kong.

Alibaba Group Chairman Joe Tsai confirmed his company's AI partnership with Apple, speaking at the World Governments Summit in Dubai on Thursday. The partnership was first reported by The Information on Tuesday,

Alibaba chairman Joe Tsai confirmed reports that the Chinese tech company will partner with Apple on AI for iPhones sold in the China market, while speaking at the World Governments Summit in Dubai on Thursday.