03:26 PM EST, 11/26/2024 (MT Newswires) -- Apple ( AAPL ) is facing significant regulatory obstacles amid plans to bring its own artificial intelligence models to iPhones and other products in China, the Financial Times reported Tuesday, citing sources.

Foreign companies like Apple ( AAPL ) will go through a long and difficult approval process unless they collaborate with local Chinese firms, a senior official from Cyberspace Administration of China reportedly said.

In light of these challenges, Apple ( AAPL ) is thinking about working with Chinese companies and has considered running its own large language models in China, the media outlet reported.

Apple ( AAPL ) has been in talks with Chinese firms like Baidu, ByteDance and Moonshot for potential partnerships in artificial intelligence, according to the media outlet.

Apple ( AAPL ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 235.14, Change: +2.27, Percent Change: +0.97