AI Takes Center Stage as Alibaba Drives Shares Higher
Alibaba Group's release of an artificial intelligence (AI) reasoning model has driven its Hong Kong-listed shares more than 8% higher on Thursday, outperforming global hit DeepSeek's R1. The company's AI unit claims that its QwQ-32B model can achieve performance comparable to top models like OpenAI's o1 mini and DeepSeek's R1. Alibaba's new model is accessible via its chatbot service, Qwen Chat, allowing users to choose various Qwen models.
- This surge in AI-powered stock offerings underscores the growing investment in artificial intelligence by Chinese companies, highlighting the significant strides being made in AI research and development.
- As AI becomes increasingly integrated into daily life, how will regulatory bodies balance innovation with consumer safety and data protection concerns?