B, an AI model rivaling OpenAI and DeepSeek with 98% lower compute costs. A game-changer in AI efficiency, boosting Alibaba’s market position.

Albibab Cloud’s latest model rivals much larger competitors with just 32 billion parameters in what it views as a critical step towards AGI.

Alibaba's Hong Kong-listed stock surged 8.39 percent to a 52-week high following the announcement of its AI reasoning model—QwQ-32B. The company stated that the model competes with DeepSeek’s R1. The new model has greater efficiency,

Alibaba launched new reasoning model comparable to DeepSeek's R1, pledged increased support for AI in China, and committed $53B to cloud and AI infrastructure.

Hong-Kong listed shares (HK:9988) jumped over 8% today, after the company launched its new open-source AI (artificial intelligence) model, which challenges DeepSeek’s R1 model. Alibaba’s AI unit, Qwen,

Alibaba shares surged more than seven percent in Hong Kong trade on Thursday after the Chinese tech giant launched an artificial intelligence model it says can compete with DeepSeek, this year's surprise tech star.

The news prompted Alibaba’s Hong Kong-listed shares to close 8% higher on the day and helped boost the Hang Seng’s China Enterprises Index. The release of Alibaba’s new AI model comes a day after the launch of the “general AI agent” Manus by another Chinese company,

Chinese e-commerce and tech giant Alibaba on Thursday unveiled a new artificial intelligence (AI) model, which it claims can rival DeepSeek to solve complex problems, but is better because it uses far less data for its operationsIt said that its new compact reasoning model QwQ-32B is "comparable" to other larger cutting edge models such as OpenAI's o1-mini.

New AI contender. Chinese companies are continuing to make big strides in artificial intelligence, as Alibaba unveiled its latest reasoning model with fewer parameters than existi

Alibaba says its QwQ-32B AI model outperforms DeepSeek’s R1 in coding and problem solving while using fewer resources.