Alibaba Shares Surge 5.4% as New Qwen3.8 Max AI Model Rivals Anthropic's Best
Summary
Alibaba shares surge 5.4% after launching its flagship Qwen3.8 Max AI model, boasting 2.4 trillion parameters and claiming second place only to Anthropic's best, intensifying fears that China is rapidly closing the AI gap with global leaders.
Key Points
- Alibaba shares surge as much as 5.4% after the company launches a preview of its flagship Qwen3.8 Max AI model, which it claims is second only to Anthropic's Fable 5.
- The release follows startup Moonshot AI's unveiling of its powerful Kimi K3 model, rattling markets and raising US concerns about China rapidly closing the AI gap with global leaders like Anthropic and OpenAI.
- Qwen3.8 Max boasts 2.4 trillion parameters, placing it in the same heavyweight class as Moonshot's Kimi K3, which carries 2.8 trillion parameters and rivals top global AI offerings.