Alibaba introduced Qwen3.8-27B, an AI model designed to run on consumer hardware like laptops, aiming to compete with Meta in the open-weight AI market. It also released the weights of its most powerful model, Qwen3.8 Max, allowing developers to freely download and use it. This move strengthens Alibaba's lead in open-source AI, with its models already surpassing Meta in downloads and developer use. The focus on on-device AI suggests a shift towards faster, more secure AI running locally rather than in data centers, positioning Alibaba as a strong global competitor.
Alibaba Group Holding Limited maintains a Buy rating after a 20% gain since the last update, supported by its leadership in AI technology and strategic collaborations like with Apple. The company's advancements in AI, including the Qwen AI model, and...
Steve Eisman, known for his bearish stance before the 2008 housing crash, now highlights a new risk in the AI sector: a potential price war driven by affordable Chinese AI models challenging leaders like OpenAI and Anthropic. While these US-based AI ...
Alibaba Group is selling its video game division, Lingxi Games, to Trustar Capital for over $1.5 billion as part of a strategic shift to prioritize artificial intelligence and cloud computing. This move aligns with CEO Eddie Wu's plan to shed non-cor...
Next week, key retail earnings from Walmart, Target, and Home Depot will provide insights into the health of the U.S. consumer amid high borrowing costs and a slow housing market. Home Depot's report will highlight home improvement demand, Target's w...
Apple has collaborated with Alibaba Group to develop and train a proprietary artificial intelligence model specifically for the Chinese market. This partnership allows Apple to launch its Apple Intelligence AI tools in China within months, marking it...
