On Monday, Alibaba announced the launch of its latest AI model, Qwen3.8-Max, which is set to be released next week. This model features 2.4 trillion parameters, positioning it as one of the most powerful in Alibaba's Qwen series. The model's capabilities include coding, research, and visual intelligence, allowing it to handle extensive information and real-world tasks autonomously.
In premarket trading, Alibaba's shares rose by 4.5%, and they increased by 7% on the Hong Kong exchange, reflecting positive investor sentiment. Notably, Qwen3.8-Max has demonstrated performance comparable to Anthropic's Fable 5 in various tests, ranking second in visual tasks and fifth in text processing.
This launch comes shortly after competitor Moonshot AI released its Kimi K3 model, which has 2.8 trillion parameters, underscoring the competitive landscape in China's AI sector.
The advancements in Qwen3.8-Max, particularly its ability to autonomously develop coding tools over extended periods, could enhance Alibaba's offerings in sectors such as legal, financial, and architectural services, potentially driving further growth and innovation for the company