Reported about 9 hours ago
Alibaba Group's shares soared over 8% following the introduction of its new AI reasoning model, QwQ-32B, claimed to rival DeepSeek's leading R1 model. This development aligns with the Chinese government's increased support for AI industries, as Alibaba's model shows promising performance in critical tasks like coding and problem-solving. Analysts predict that these government initiatives will further drive AI adoption across various sectors in China.
Source: YAHOO