Alibaba Qwen

Alibaba Cloud has launched its latest AI model in its "Qwen series," as large language model competition in China continues to heat up.

"I start to get worried when people are building data centers on spec," said Alibaba Chairman Joe Tsai.

In the global race for artificial intelligence supremacy, Alibaba, a name once synonymous only with e-commerce, is aggressively expanding its

Alibaba's foray into AI is part of a larger strategy for massive investments in AI and cloud computing infrastructure. Alibaba has invested a whopping $53 billion in three years to build its prowess in these areas as a step to leverage the industry-wide disruption potential of AI.

Chinese cloud computing companies have ramped up efforts to expand their footprint in overseas cloud service markets, as an increasing number of businesses are leveraging the cutting-edge artificial intelligence technologies to bolster digital transformation and upgrades.

Chinese tech giant Alibaba said its latest AI reasoning model, QwQ-32B, "rivals cutting-edge reasoning model, e.g., DeepSeek-R1."

Asian equities were mixed overnight as Indonesia outperformed, Taiwan underperformed, and South Korea was closed for Independence Day.

The Hunyuan Turbo S AI model is designed to respond as instantly as possible, distinguishing itself from the deep reasoning approach of DeepSeek's chatbot.