Apple Inc. is negotiating with Google to license the Gemini AI model for potential integration into iOS 18.

The news of these talks has contributed to a slight uptick in technology stock prices, as investors buy into the sector following a recent dip.

The prospective Apple-Google partnership is expected to face regulatory scrutiny, especially considering their existing search deal is currently under legal challenge.

Specific terms, branding, and implementation details of the AI integration are still undetermined.

Wall Street's main indexes, including the Nasdaq, have closed higher, with contributions from major tech stocks like Alphabet and Tesla.

The market is anticipating the U.S. Federal Reserve's meeting with concerns about how the Fed's policy update may affect the market.

Despite three days of losses, the S&P 500 and Nasdaq have rebounded, showing market optimism about AI's role in technology but also concern over potential interest rate cuts in light of strong inflation data.

Nasdaq experienced a connectivity issue affecting trading for over two hours, which has since been resolved.