A report saw Alphabet shares rise 4%. Gemini AI is being licensed by Apple for use in iPhones.

Following a report that computer giant Apple is in talks to license Gemini for future iPhone models, Alphabet shares finished up more than 4% on Monday. With a 1% gain, Apple’s stock closed lower.

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This illustration taken on April 20, 2018, in Paris shows apps for Google, Amazon, Facebook and Apple, plus the reflection of a binary code displayed on a tablet screen.

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Google’s generative AI toolkit, Gemini, includes chatbots and coding helpers among other things.

A report from Bloomberg claims that Apple and Alphabet-owned Google are in negotiations for Apple to license and integrate Google’s Gemini AI engine into the iPhone.

According to Bloomberg, which cited sources with knowledge of the situation, the two tech behemoths are “in active negotiations” for Gemini to power a few new features that will be added to the iPhone software later this year.

It is anticipated that Apple will unveil iOS 18, the next major iPhone update, during its Worldwide Developers Conference. At that time, the business often unveils its newest iPhone software before it becomes available to the general public in the fall, and it may also discuss more about its intentions for generative artificial intelligence.

During the company’s annual shareholder meeting in February, Apple CEO Tim Cook announced that the company is “investing significantly” in artificial intelligence.

Cook stated, “I look forward to sharing with you later this year the ways we will redefine the future in generative AI, another technology we believe can break new ground in.”

The sources mentioned by Bloomberg also state that the corporation has had talks with OpenAI and has thought about utilizing their approach.

But according to the source, “the two parties haven’t finalized how it would be implemented or decided on the terms or branding of an AI agreement.”

The Bloomberg report could not be independently verified by CNBC. When CNBC contacted Alphabet, the company did not answer right away, and Apple declined to comment.

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