Friday, October 10, 2025

Alibaba shares rose after release if its biggest AI model yet

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Shares of Alibaba Group Holding Ltd. saw a modest rise on Monday (September 8) after the company announced the release of its biggest AI model yet on Friday.  Its shares rose 4.02% on the Hong Kong Stock Exchange (HKEX).

Alibaba released Qwen-3-Max-Preview, the company’s first model to have more than 1 trillion parameters, which is more than the estimated parameter count of 5 to 7 trillion on OpenAI’s GPT-4.5 model. Parameters are the variables that can make a huge difference to how an AI model generates results.

Qwen-3-Max-Preview was rolled out on Alibaba’s official cloud services platform Alibaba Cloud and also made accessible for developers around the world on large language model marketplace OpenRouter.

The Chinese tech company said the latest model has “significant enhancements in Chinese-English text understanding, complex instruction following, handling of subjective open-ended tasks, multilingual ability, and tool invocation”.

The Qwen 3 series were first released in May this year with models ranging from 600 million to 235 billion parameters, South China Morning Post (SCMP) reported.

Revenue for Alibaba’s cloud computing unit grew by 26% for the quarter ended June 2025, compared to the same period last year. The company reported $34.73 billion in revenue.

The company is also investing heavily in AI and robotics. The Group’s Alibaba Cloud on Sunday (September 7) led a $100 million funding round in Shenzhen-based startup X Square Robot, CNBC reported.

The company has also set a target for its wholesale ecommerce marketplace to adopt AI tools by end of the year. In March 2025, the company president Zhang Kuo told SCMP at the time that he expects to see 100% AI adoption from by merchants on the platform.

Also Read: Google hit with $3.5 billion fine from European Union in ad-tech antitrust case

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