Any hopes the U.S. held for building an impregnable lead in the technology were dashed by the progress seen at a convention in Shanghai.
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(Bloomberg) -- Crowds rushed to an obscure corner of China’s premier tech summit, moving past monumental booths from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to catch a glimpse of the hottest name in domestic AI.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17
Qwen 3.8 Max raises pressure on global AI rivals
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SP
Alibaba Stock Pops as Qwen AI Targets Anthropic's Top Model
Alibaba shares climbed in Hong Kong today after the company previewed a new large-language model that it says is second only to Anthropic’s Fable 5—the second time in a week that China has flexed its AI strength. Generally, the more parameters an AI model has, the more capable and powerful it is. Markets generally took the announcement in stride, with U.S. chipmakers rising in premarket trading—a sharp reversal from Friday when Beijing-based Moonshot AI unveiled its Kimi K3 model, with 2.8 trillion parameters.
Alibaba says its new AI model is among the most powerful currently available. Could Alibaba be the antidote to the OpenAI and Anthropic IPO doldrums?
U.S.-listed Alibaba Group stock climbed after the Chinese tech giant touted its latest AI model as trailing only Anthropic.
The latest release adds momentum to China's fast-moving race for advanced AI models.
The race to launch ETFs tied to SK Hynix Inc is about more than one of the largest ADR listings in history—it’s a bet that investors are beginning to look beyond AI chipmakers like Nvidia and toward the memory companies...
Alibaba’s AliExpress received the largest penalty EU officials have handed a company so far under the bloc’s Digital Services Act.
By Foo Yun Chee BRUSSELS, July 20 (Reuters) - Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal,
↗️ Alibaba (BABA, HK:9988): Shares in the Chinese internet giant rose after it previewed its new AI model, which it said is second only to Anthropic’s Fable 5. ↘️ Ryanair (IR:RYA): Shares in the budget airline fell after it reported a drop in first-quarter profit, hit by lower fares and rising fuel costs because of the conflict in the Middle East.
In a post on X, Alibaba Group Holding announced the launch of a preview version of its flagship Large Language Model (LLM) Qwen3.8 Max.
Alibaba Group previewed its new artificial-intelligence model in the latest sign that China is fast closing the gap with the U.S. for global technological dominance.
Donald Trump faces a mounting battle with China after an AI breakthrough in the country threatened to upend US dominance of the technology.
Billionaire investor Bill Ackman is sounding the alarm on what he sees as a rapidly escalating technological arms race with China, warning that the stakes could extend beyond economics into national security and democratic stability. In a social media post...
Apple's reported AI partnership with Alibaba is boosting confidence in the company's AI strategy as analysts see 58% upside ahead.
Apple just closed at a record high after a monster run, but the real question is whether the forces driving it higher are durable enough to carry the stock through a gauntlet of legal battles, insider selling, and a looming earnings report that could change everything.
Alibaba Group Holding (NYSE:BABA) has introduced its flagship Qwen3.8 Max AI model, presented as competitive with leading global systems and intended for open-weight release. Moonshot AI, supported by Alibaba, has launched its Kimi-K3 model, which is reported to outperform some U.S.-based models on coding benchmarks. Both Alibaba and Moonshot AI are taking steps to widen access for developers, aiming to attract broader adoption of their AI technology. Alibaba is best known for its...
(Bloomberg) -- Alibaba Group Holding Ltd. launched a preview version of its flagship Qwen3.8 Max model, which it described as comparable to leading frontier AI models and second only to Anthropic PBC’s Fable 5.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseTwo US Troops
(Bloomberg) -- Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s burgeoning capabilities and sent global tech stocks reeling.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms P
Prosecutors have declined to charge businesses in a number of recent cases—despite believing that senior employees were involved in wrongdoing.
Investing.com -- ZTE Corp. (HK:0763) unveiled a range of smartphones with integrated artificial intelligence services, joining Chinese manufacturers seeking to make agentic AI a central part of mobile operating systems, Bloomberg reported.
Moonshot's Kimi K3 tops coding charts and hits chip stocks as investors question America's AI lead over China.
The latest trading day saw Alibaba (BABA) settling at $114.97, representing a -2.14% change from its previous close.