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Alibaba launches AI model Qwen3.8-Max, rivaling global leaders with strong coding skills.

Market News
03 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Alibaba unveiled its new AI model, Qwen3.8-Max, built on 2.4 trillion parameters, claiming performance comparable to top global AI systems. The model outperformed competitors in benchmarks and demonstrated autonomous coding by completing a software project over 16 days. Alibaba plans to release the model publicly next week, aiming to boost its AI and cloud computing presence against rivals in China and the U.S. Meanwhile, Google pulled a Google Earth feature after AI-generated fake images raised concerns, and AstraZeneca and Bristol Myers Squibb are in early talks about a potential major pharmaceutical merger.

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Chinese AI firm Alibaba illegally extracted vast AI knowledge from Anthropic's Claude using millions of fake prompts.

Chinese AI firm Alibaba illegally extracted vast AI knowledge from Anthropic's Claude using millions of fake prompts.

Anthropic reported that Chinese AI company Alibaba conducted a large-scale "distillation attack" by using 25,000 fraudulent accounts to perform 28.8 million prompt-response exchanges with Anthropic's Claude AI over three months. This operation extrac...

Market News
Bearish
6 hours ago
China's AI ecosystem challenges U.S. dominance with broad, strategic innovation beyond individual breakthroughs.

China's AI ecosystem challenges U.S. dominance with broad, strategic innovation beyond individual breakthroughs.

China has developed a robust AI ecosystem producing multiple world-class innovations across firms, challenging the U.S. lead in artificial intelligence. Unlike the U.S., which often views Chinese advances as isolated events, China pursues a long-term...

Market News
Bearish
1 day ago
Alibaba faces class action over alleged misleading info on illicit AI access claims

Alibaba faces class action over alleged misleading info on illicit AI access claims

Rosen Law Firm is investigating a potential class action lawsuit against Alibaba Group for allegedly providing misleading business information related to accusations that Alibaba illicitly accessed an AI model called Claude. The claims surfaced after...

Market News
Bearish
1 day ago
Investors sue Alibaba over alleged misleading info on illicit AI access claims

Investors sue Alibaba over alleged misleading info on illicit AI access claims

The Rosen Law Firm has launched a class action lawsuit against Alibaba Group Holding Limited following allegations that Alibaba misled investors by providing false business information. The claims stem from a Financial Times report accusing Alibaba o...

Market News
Bearish
2 days ago
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