Alibaba unveils its largest AI model yet, DeepSeek's latest model is ultra-low cost

BEIJING: China's Alibaba on Monday (Aug 3) unveiled its largest and most capable AI model to date, sending its shares surging, while a research firm said DeepSeek's latest product offers cut-throat pricing that is more than 100 times cheaper than Anthropic's Claude Fable 5.The two developments highlight the rapid pace of advancement in artificial intelligence by Chinese tech firms, which are locked in a fierce and fast-moving battle to build more powerful systems without making them prohibitively expensive to run.Both models - Alibaba's Qwen3.8-Max and DeepSeek's V4-Flash - underline Chinese commitment to open-weight models as the firms seek to gain traction among developers globally."Chinese AI companies have found an important market. Many business workflows do not need the industry's ve