Alibaba shares soar after Chinese tech giant unveils new DeepSeek rival

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Alibaba shares soar after Chinese tech giant unveils new DeepSeek rival

Alibaba has launched its new AI reasoning model, QwQ-32B, claiming it rivals DeepSeek-R1. This announcement has led to a significant surge in Alibaba's stock, with shares rising 8.39% in Hong Kong. Analysts predict that advancements in AI could propel Alibaba's earnings upward, reflecting a growing optimism in the tech sector.

The QwQ-32B model operates with 32 billion parameters, showcasing efficiency compared to DeepSeek's 671 billion parameters. As competition intensifies among AI developers, Alibaba's investment in AI technology is expected to drive revenue growth, particularly in its Cloud Intelligence unit. The rapid pace of innovation in AI is reshaping the landscape, prompting questions about the dominance of established players like Microsoft and Google.

• Alibaba's QwQ-32B model claims to rival DeepSeek-R1.

• Stock prices for Alibaba surged following the AI model announcement.

Key AI Terms Mentioned in this Article

AI reasoning model

An AI reasoning model processes data to generate predictions or solve tasks, as seen with QwQ-32B.

Parameters

Parameters are variables used by AI models during training to make predictions, crucial for model efficiency.

Inference

Inference refers to the process of running live data through an AI model to generate outputs, essential for real-time applications.

Companies Mentioned in this Article

Alibaba

Alibaba is a leading Chinese tech giant investing heavily in AI to enhance its cloud services and product offerings.

DeepSeek

DeepSeek is recognized for its advanced AI reasoning model, DeepSeek-R1, which has set a high benchmark in the industry.

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