Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up
📰 source: cnbc_topnews · 💼 business
alibaba unveiled qwen3.8-max on monday, calling it its 'most powerful' ai model yet, as chinese companies race to close the ai gap with the u.s. the model, due out next week, has 2.4 trillion parameters and a context window of 1 million tokens, so it can work through thousands of pages at once.
shares jumped 4.5% in premarket trading on the nyse and 7% in hong kong. alibaba said qwen3.8-max scores comparable to or better than anthropic's fable 5 on some tests, ranking second behind fable 5 on the vision arena and fifth on the text arena. it handles coding, real-life work, research, long-horizon tasks, and visual intelligence.
one internal test ran 16 days with the model autonomously building and improving an ai coding tool — writing code, testing it, fixing errors, refining its own work. it can also review legal documents, conduct financial research, or do architectural 3d modeling. rival moonshot ai released kimi k3 earlier this month with 2.8 trillion parameters, china's largest model so far.
why it matters: alibaba's qwen3.8-max shows chinese firms matching u.s. ai rivals, a competitive shift that could reshape global tech valuations.
source: cnbc_topnews
sentiment: +0.75 · impact: 0.65