Alibaba joins race with Kimi K3 successor

Alibaba has unveiled its new AI model, Qwen3.8 Max, which ranks second worldwide after Anthropic's Fable 5. The model contains 2.4 trillion parameters, reflecting significant progress in China's race to develop large-scale AI models. The announcement caused Alibaba's stock to rise by as much as 5.4%, as developers can access it through the company's platforms, with plans to release it in an open-weight format to gradually expand usage. This advancement comes amid rapid Chinese competition against American tech giants, with a noticeable impact on the global AI market, as other domestic companies experience declines following the launch of powerful models.

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