Read here for an update on Alibaba's strong growth with bullish YTD momentum, impressive AI tools, and expanding cloud and international segments.
The amount would be more than it has spent on its AI and cloud computing network over the past decade. Read more at straitstimes.com.
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Alibaba shares jump on new open-source QwQ-32B reasoning model
Alibaba Stock Jumps on New AI Model Launch that Challenges DeepSeek’s R1
Hong-Kong listed shares (HK:9988) jumped over 8% today, after the company launched its new open-source AI (artificial intelligence) model that challenges DeepSeek’s R1 model. Alibaba’s AI unit Qwen unveiled its QwQ-32B model through an X post this morning.
Alibaba Unveils QwQ-32B, a Compact Reasoning Model Rivaling DeepSeek-R1
Like its U.S. counterparts, Alibaba is going all-in on generative AI. Its cloud computing business saw an 11 percent year-over-year increase in revenue in December 2024. AI-related product sales have experienced triple-digit growth for the sixth consecutive quarter, signaling strong enterprise demand for AI-powered solutions.
Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba Group ADR stock increases.
The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its core e-commerce business.
Business Insider on MSN12d
Alibaba is going all in on developing AI that can reason like a human beingAlibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China.
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