AssetID: 54581241
Headline: UNCAPTIONED: Alibaba Challenges AI Rivals with New Model, Stock Soars
Caption: Alibaba Challenges AI Rivals with New Model, Stock Soars. Alibaba has launched QwQ-32B, its latest artificial intelligence reasoning model, claiming it outperforms OpenAI and Chinese startup DeepSeek. Following the announcement, Alibaba’s Hong Kong-listed shares closed 8% higher, boosting the Hang Seng China Enterprises Index. Alibaba stated that QwQ-32B achieves "exceptional performance," rivaling DeepSeek-R1 while using fewer parameters, making it more efficient to train. DeepSeek shook the industry in January with its high-performing AI model, but Alibaba asserts that QwQ-32B is equally capable with just 32 billion parameters compared to DeepSeek’s 671 billion. DeepSeek’s success bolstered investor confidence in China’s AI sector amid growing US-China tech competition, pushing the Hang Seng China Enterprises Index up over 30% since January. The e-commerce giant first launched its ChatGPT-like service, Tongyi Qianwen, in 2023 and introduced the Qwen 2.5 Max model in January, claiming it surpassed DeepSeek’s V3 model. Alibaba recently pledged to invest 380 billion yuan ($52.4 billion) in AI and cloud computing over the next three years—exceeding its total investment in those sectors over the past decade. Beijing has vowed to support emerging industries, including AI, humanoid robots, and quantum technology, signaling continued investment in the tech race. As Alibaba, DeepSeek, and OpenAI continue to push AI advancements, competition in the sector is heating up, with China positioning itself as a global AI leader. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,AI,Artificial Intelligence,Rivals,New,Model,Stock,Soars,Reasoning,OpenAI,Chinese,Hang Seng China Enterprises,Index,DeepSeek,Hong Kong,Science,Tech,Technology
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