Alibaba says its newest AI model announced on Thursday morning, called QwQ-32B, has a “comparable performance” to DeepSeek while also requiring far less data to run. Shares in the e-commerce ...

The launch comes as its latest effort to gain an edge amid growing competition in AI application front, further intensified ...

The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its core e-commerce business. Alibaba is planning to invest 380 billion yuan ...