Alibaba Unveils Qwen3.8-Max AI Model with 2.4 Trillion Parameters, Boosting Stock Prices
Chinese tech giant Alibaba announced its latest artificial intelligence model, Qwen3.8-Max, which features 2.4 trillion parameters and is among the most powerful in its lineup to date. The company claims it can rival models like Anthropic's Fable 5 in performance across various tasks such as coding, research, visual analysis, and real-world applications including legal document review or financial modeling. The release of Qwen3.8-Max comes amid a growing AI race between Chinese firms and U.S.-based competitors to achieve technological supremacy. Alibaba’s New York-listed shares rose 4.5% in premarket trading following the announcement, while its Hong Kong-traded stock climbed by 7%. The model is set for release next week after being trained on an extensive dataset of 36 trillion tokens. Alibaba also highlighted Qwen3.8-Max's ability to operate autonomously over extended periods and perform complex tasks with minimal human intervention, such as building AI coding tools independently.
Tickers: $BABA
Topics: AI model Alibaba Cloud parameters Qwen3.8-Max stock movement