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.
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.
Alibaba is now offering free, open-source access to its latest generative AI models capable of producing highly realistic videos and images from text and image inputs. The move, which sees the company releasing four variants of its Wan 2.1 series, is expected to boost innovation among researchers, a
Alibaba announced on Tuesday that it will release an open-source version of its video and image-generating AI model, Wan 2.1, as part of its ongoing efforts to foster innovation and collaboration within the AI community.
Bengaluru/Beijing, February 24, 2025 – Chinese e-commerce giant Alibaba (9988.HK) announced on Monday plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence (AI) infrastructure over the next three years.
Ukraine’s Air Force lost an F-16 fighter jet on Friday following an in-flight malfunction; the pilot ejected safely after diverting the aircraft from populated areas, and investigators say there’s no indication of Russian fire.
The United States has warned Vietnam that its \$123 billion trade deficit is “unsustainable” as both nations enter reciprocal tariff negotiations, prompting Hanoi to crack down on illicit transshipments and seek greater imports of U.S. high-tech goods.
In a high‑stakes May 18 runoff, nationalist George Simion and centrist Nicușor Dan clash in a tight race that could steer Romania’s political and European trajectory for years to come.
On May 19, London and Brussels are set to kick off their first annual summit, prioritizing a new UK–EU defense and security pact even as negotiations continue with Washington over tariff relief on British steel, cars and aerospace components.
Archer Aviation’s four‑seat “Midnight” electric air taxi will shuttle fans, VIPs and support teams between major LA28 venues—SoFi Stadium, the Coliseum, LAX and more—in 10–20 minute hops, marking the first use of eVTOLs at any Olympic Games.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
China and Russia have agreed to build a nuclear-powered lunar base by 2036 at the Moon’s south pole. The International Lunar Research Station will support scientific research and resource exploration, marking a major step in their joint space efforts amid shifting global space priorities.
ChatGPT climbed to fifth place among the world’s most visited websites in April, outpacing rivals in the AI space despite increasing competition, including from China’s DeepSeek.
Plan-S has entered a strategic partnership with Azerbaijan's national space agency, Azercosmos, to support the country’s digital transformation through satellite-based solutions, particularly in rural areas and sectors like agriculture and energy.
China launched a group of space-based computing satellites aboard a Long March-2D rocket, according to state media.
Countries are gathering at the United Nations on Monday to reignite efforts to regulate AI-controlled autonomous weapons, as experts warn that urgent action is needed to prevent misuse of these increasingly prevalent technologies in modern warfare.
Ukraine’s Air Force lost an F-16 fighter jet on Friday following an in-flight malfunction; the pilot ejected safely after diverting the aircraft from populated areas, and investigators say there’s no indication of Russian fire.
The United States has warned Vietnam that its \$123 billion trade deficit is “unsustainable” as both nations enter reciprocal tariff negotiations, prompting Hanoi to crack down on illicit transshipments and seek greater imports of U.S. high-tech goods.
In a high‑stakes May 18 runoff, nationalist George Simion and centrist Nicușor Dan clash in a tight race that could steer Romania’s political and European trajectory for years to come.
On May 19, London and Brussels are set to kick off their first annual summit, prioritizing a new UK–EU defense and security pact even as negotiations continue with Washington over tariff relief on British steel, cars and aerospace components.
Archer Aviation’s four‑seat “Midnight” electric air taxi will shuttle fans, VIPs and support teams between major LA28 venues—SoFi Stadium, the Coliseum, LAX and more—in 10–20 minute hops, marking the first use of eVTOLs at any Olympic Games.
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