Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.

Alibaba.com, a B2B platform, aims for $60B GMV in 2024, 20% increase from $50B in 2023. President cites need for new business model breakthroughs.

Investing.com -- Shares of Alibaba (NYSE: NYSE:BABA) climbed 2.8% as the company's latest AI model, Qwen2.5-Max, garnered significant interest. The company announced the impressive performance ...

In January, Alibaba released another model, Qwen 2.5 Max, which it said surpassed the performance of DeepSeek’s highly acclaimed V3 model, released just a few weeks before.

As Reuters said, the models Alibaba has open sourced are called T2V-1.3B, T2V-14B, I2V-14B-720P and I2V-14B-480P, with the 14B indicating that the model can accept 14 billion parameters.

Alibaba, meanwhile, debuted its updated Qwen 2.5 artificial intelligence model in late January and released a new version of its AI assistant tool Quark earlier this month.

The model competes with DeepSeek's R1, and the company says it is more energy- and cost-efficient. Alibaba's shares have risen close to 70% this year amid a Chinese tech stock rally.

Alibaba split into six business units in 2023, in the biggest revamp of its 24-year history. Prior to this latest amalgamation of two of those groups, Group CEO Wu had also been CEO of the Taobao ...

Fueled by the AliExpress Choice model and a powerful logistics network, AIDC's revenue is consistently growing at over 20%+, a stark contrast to the single-digit growth of the domestic business.