(Bloomberg)– Alphabet Inc.’s Google confirmed it has reached a multi-year deal with Apple Inc. to power the iPhone maker’s artificial intelligence technology, including voice assistant Siri.
“After careful evaluation, Apple has determined that Google’s AI technology provides the best-performing foundation for the Apple Foundation Models and is excited about the innovative new experiences it will unlock for Apple users,” the two companies said in a joint statement Monday. Terms of the deal were not disclosed.
Most read on Bloomberg
Bloomberg reported late last year that the two companies were finalizing such a deal, with Apple planning to pay around $1 billion a year.
Alphabet shares rose 1.7% on Monday, while Apple rose less than 1%.
In the statement, the companies said Apple will maintain its privacy standards by continuing to run its AI services on consumers’ devices or through Private Cloud Compute, a secure online system. Google technology will support a new version of Siri expected to arrive this year.
Apple had previously delayed the update due to development issues, part of broader struggles to introduce AI features.
Most read from Bloomberg Businessweek
©2026 Bloomberg LP