Alibaba announced on August 3 its most powerful AI model to date, Qwen3.8-Max, featuring 2.4 trillion parameters in an open-weight multimodal system. The model positions Alibaba as a direct competitor to Anthropic, OpenAI, and Chinese rival Moonshot AI in the global AI race. Alibaba’s stock climbed 3.4% in a single trading session following the announcement. Qwen3.8-Max demonstrated strong performance in coding tasks and visual reasoning, completing a software engineering project in 16 days. The release is part of a broader Chinese tech counteroffensive against US export restrictions on advanced AI chip technologies.
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