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Bloomberg26d agoneutral
Chinese AI Sensation Moonshot’s Gamble on Big Models Pays Off

(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

Why This Citi Analyst Says Alibaba Could Lead the AI Race
The Wall Street Journal26d agoneutral
Why This Citi Analyst Says Alibaba Could Lead the AI Race

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.

Stocks to Watch: Alibaba, Ryanair, AMC Entertainment, Micron
The Wall Street Journal26d agoneutral
Stocks to Watch: Alibaba, Ryanair, AMC Entertainment, Micron

↗️ 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.

Alibaba (NYSE:BABA) Launches Qwen3.8 Max As Moonshot Widens AI Developer Access
Simply Wall St.27d agoneutral
Alibaba (NYSE:BABA) Launches Qwen3.8 Max As Moonshot Widens AI Developer Access

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...

Bloomberg27d agoneutral
Alibaba’s Qwen Unveils Preview of Flagship AI Model

(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

Bloomberg27d agobullish
China’s Moonshot Plans IPO in Six Months After AI Breakthrough

(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