Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up

Alibaba unveiled its latest and 'most powerful' AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S.

Low-cost Chinese open-weight models are splitting tech executives and Washington over national security and competitiveness.

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

Alibaba unveils its most capable AI model to date, not far behind Moonshot's in size  Reuters