Alibaba Unveils Qwen3.8-Max AI Model, Surges in Hong Kong
Alibaba Group (BABA) has seen its stock rise following the launch of Qwen3.8-Max, a new large-scale artificial intelligence model with 2.4 trillion parameters that outperformed Moonshot's Kimi K3 on several benchmarks and demonstrated autonomous coding capabilities. The company plans to release the model for public download next week, signaling an expansion in open access AI technology. In another development related to AI, Google (GOOGL) disabled a new feature in its Earth application after users generated realistic but fictional satellite images of real-world locations using text prompts. This highlights ongoing challenges for tech firms balancing innovation with ethical use and policy compliance. Meanwhile, preliminary merger discussions between AstraZeneca (AZN) and Bristol Myers Squibb (BMY) could lead to one of the largest pharmaceutical consolidations in history if finalized, though no deal is imminent.
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Topics: AI model launch Alibaba Group Google Earth feature removal Qwen3.8-Max