Alibaba Stock Jumps on New AI Model Launch, Challenging DeepSeek’s R1
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 launches DeepSeek rival, sending stock surging
Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat those of rival models from OpenAI and startup DeepSeek.
Alibaba’s New AI Competes with DeepSeek, Stock Rises
Alibaba boasted that its new QwQ-32B model “almost entirely surpasses OpenAI-o1-mini” while matching the performance of DeepSeek’s R1, currently considered one of the strongest open-source reasoning models available.
Chinese AI model euphoria continues with another Alibaba stock jump
Alibaba surged 7% on Thursday after it made one of its AI models public, signaling how the party isn't over for Chinese tech stocks.
Alibaba launches rival to DeepSeek AI a day after Manus unveiling
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,
Alibaba Stock Is Rising. The China AI Spotlight Is Shifting From DeepSeek.
Alibaba shares were rising after the Chinese firm said the latest version of its Qwen AI was comparable with DeepSeek’s R1 that shocked the world in January.
Alibaba Claims to Have Launched DeepSeek Rival
Chinese multinational technology company Alibaba launched its artificial intelligence reasoning model on Thursday, Mar. 7, boasting that the AI model's capabilities beat DeepSeek and OpenAI. Read More
Alibaba Unveils QwQ-32B, a Compact Reasoning Model Rivaling DeepSeek-R1
Alibaba released and open-sourced its new reasoning model, QwQ-32B, featuring 32 billion parameters. Despite being significantly smaller than
AI Chipmaker Stock Sell-Off: Here Are My Top 2 Semiconductor Stocks to Buy Now
China's DeepSeek AI sparked a sell-off in artificial intelligence (AI) stocks after sharing breakthroughs in developing ...
Why Baidu Stock Lags Despite China's AI Leap?
Baidu could see further gains thanks to its advancements in AI—including Ernie Bot and self-driving technology—and by being ...
Is Qifu Technology, Inc. (QFIN) the Cheap Chinese Stock to Buy Now?
We recently published a list of 10 Cheap Chinese Stocks to Buy Now. In this article, we are going to take a look at where ...
China Daily2h
What makes this China share rally really unique
Looking back at 2024, Chinese equities delivered strong returns, outperforming most stock markets outside of the United ...
China announces high-tech fund to grow AI, emerging industries
Fresh off the global success of DeepSeek’s latest artificial intelligence reasoning model, China’s top economic officials ...
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China’s New AI Tools Ignite Stock Market Frenzy as Alibaba Soars
Alibaba’s stock surged 8.4% in Hong Kong ... “Looking ahead, we expect a proliferation of open-source AI applications from China and the US, to propel the tech rally globally,” In the ...
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Have $3000 to Invest? I Would Buy These AI Stocks Hand Over Fist
There is little question that artificial intelligence has been a central investing theme over the last two years. Nearly $20 ...
FXI: China's Technology And Banking Sectors Diverge
FXI rose 59% YoY, driven by significant stimulus efforts and the launch of China's DeepSeek AI. But click here to read why ...
Alibaba’s New Model Adds Fuel to China’s AI Race
Pillay is an editorial fellow at TIME. Pillay is an editorial fellow at TIME.