Alibaba Group’s shares climbed by more than 8% on Thursday following the release of its latest artificial intelligence reasoning model, QwQ-32B.
The model, boasting 32 billion parameters, is claimed by Alibaba’s AI unit to deliver performance on par with DeepSeek's R1 model, which operates with 671 billion parameters.
In a post on X, Alibaba’s AI team highlighted that the QwQ-32B model has demonstrated strong capabilities in mathematical reasoning, coding, and general problem-solving during benchmark tests. The company said that its new model is available via its chatbot service, Qwen Chat, which also offers a range of Qwen models including Qwen2.5-Max—the most powerful in the series.
This development comes as the Chinese government has pledged increased support for key industries such as artificial intelligence, humanoid robots, and 6G telecommunications. Industry observers note that the release of QwQ-32B underscores China’s efforts to advance its AI capabilities and to offer competitive, cost-effective alternatives to models developed by global leaders like OpenAI.
DeepSeek has recently emerged as a benchmark for China’s AI prowess, achieving high performance with lower computing requirements compared to its international counterparts. In parallel, another Chinese startup, Monica, garnered attention with the invitation-only release of its AI agent, Manus. The agent reportedly outperformed OpenAI's Deep Research on a benchmark for AI assistants, with a demonstration video on X attracting over 280,000 views and sparking demand for invitations.
As the race to develop next-generation AI models intensifies, Alibaba's QwQ-32B and similar innovations are seen as key to unlocking new revenue streams and enhancing the capabilities of enterprise applications across various sectors.
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Alibaba (9988.HK) announced on Wednesday a wide-ranging push into artificial intelligence (AI), unveiling a partnership with Nvidia, a global data centre expansion plan, and new AI products, as it seeks to make artificial intelligence a core business priority alongside its e-commerce operations.
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The model aims to enhance Alibaba’s presence in the generative AI sector and is available as open-source.
OpenAI on Tuesday introduced a suite of new developer tools designed to streamline the creation of advanced AI agents, signaling a strategic move amid intensifying competition from Chinese AI startups.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
The Canadian government has introduced a digital safety bill that would ban children under the age of 16 from using social media, unless platforms meet specific safety standards.
NASA has named three American astronauts and one Italian astronaut to fly on its Artemis III mission, a major orbital test planned for late next year that will evaluate lunar landing vehicles developed by SpaceX and Blue Origin.
China will send an astronaut to its space station on Sunday for a one-year mission, the longest duration for the country so far. The mission will help study long-duration human physiology in space as China works toward a crewed Moon landing by 2030.
Anxiety over artificial intelligence is hardening among young workers as executives promote faster adoption and companies point to automation in fresh job cuts.
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