B, an AI model rivaling OpenAI and DeepSeek with 98% lower compute costs. A game-changer in AI efficiency, boosting Alibaba’s market position.

Tharin Pillay is an editorial fellow at TIME, interested in how AI and other digital technologies are changing us. He is currently supported by the Tarbell Fellowship.

Albibab Cloud’s latest model rivals much larger competitors with just 32 billion parameters in what it views as a critical step towards AGI.

Hong-Kong listed shares (HK:9988) jumped over 8% today, after the company launched its new open-source AI (artificial intelligence) model, which challenges DeepSeek’s R1 model. Alibaba’s AI unit, Qwen,

Shares of Chinese tech giant Alibaba surged after revealing a new reasoning model it claims can rival DeepSeek’s global blockbuster R1.

Alibaba (BABA) unveils its new artificial intelligence (AI) reasoning model, QwQ-32B, stating it could rival DeepSeek's own AI while outperforming OpenAI's lower-cost model. Similar to DeepSeek's own market-rattling launch,

Alibaba Group's release of an artificial intelligence (AI) reasoning model, which it said was on par with global hit DeepSeek's R1, drove its Hong Kong-listed shares more than 8% higher on Thursday.

Chinese e-commerce and tech giant Alibaba on Thursday unveiled a new artificial intelligence (AI) model, which it claims can rival DeepSeek to solve complex problems, but is better because it uses far less data for its operationsIt said that its new compact reasoning model QwQ-32B is "comparable" to other larger cutting edge models such as OpenAI's o1-mini.