Alibaba has launched an upgraded version of its Qwen 2.5 AI model, which has been reported to outperform models from DeepSeek, OpenAI, and Meta. This has intensified the competition in the AI market, as shown by benchmarking results on the company's GitHub page. The launch coincides with DeepSeek's disruptive entry into the market, causing competition not only with global players but also among Chinese tech firms. This is pushing Chinese companies to innovate further, and it is also challenging the business strategies and pricing structures of major US hyperscalers and AI firms.
China continues to make strides in the AI race, with e-commerce giant Alibaba announcing the release of its latest AI model, Qwen 2.5 Max. According to a comparison of benchmarks, Qwen 2.5 Max outperforms leading state-of-the-art models, including DeepSeek V3, GPT-4o, and Claude-3.5-Sonnet. Notably, Alibaba claims the model has shown significant advantages over these models on several benchmarks, and it is optimistic about further advancements in post-training techniques. This development comes just as newcomer DeepSeek shook up the U.S. AI landscape and wiped out $1 trillion from top chip manufacturers' market value.
Amidst the Lunar New Year celebrations, Chinese tech giant Alibaba has released the Qwen 2.5-Max, a new and improved version of their artificial intelligence model. With a claim that it outperforms highly-acclaimed models like DeepSeek-V3 and OpenAI's GPT-4o, Alibaba's move is seen as a direct response to the recent success of Chinese AI startup DeepSeek. This has triggered a scramble among domestic competitors to upgrade their own models, leading to a potential AI model price war in China.
Chinese tech giant Alibaba announced changes to its business structure, including the creation of two new units for its e-commerce businesses. The stock price fell 5.6% in Hong Kong but remained steady in pre-market trading in the US. This comes as the company faces challenges like increased competition and regulatory crackdowns. Trudy Dai and Toby Xu will take on leadership roles in the new units.
Alibaba, a leading Chinese conglomerate, is set to introduce a new AI-powered tool that aims to streamline global business-to-business e-commerce. This tool, accessible through a mobile app and Alibaba.com's website, will revolutionize the way small and medium-sized enterprises operate in the $20 trillion B2B industry. As the US government eases restrictions on semiconductors, investors can consider gaining exposure to Alibaba through ETFs like DFAE and GVIP.
Alibaba's ecommerce unit, Taobao and Tmall Group (TTG), has unveiled new AI features designed to improve services and attract customers for merchants on its Chinese online shopping sites. These tools, including an AI-upgraded customer service chatbot, will be made available to all sellers by June. The move, led by a recent leadership reshuffle, shows Alibaba's efforts to stay competitive against platforms like Pinduoduo and Douyin.