Alibaba Shares Jump After Release of DeepSeek Rival
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Alibaba's shares surged in Hong Kong following the release of its new AI model, QwQ-32B, which is said to rival DeepSeek's R1 model. The QwQ-32B model reportedly performs comparably to DeepSeek's R1 but requires significantly less data.
March 06, 2025 | 5:30 am
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Alibaba's stock is likely to see a positive impact in the short term due to the release of its new AI model, QwQ-32B, which competes with DeepSeek's R1 model. The innovation could enhance Alibaba's position in the AI sector.
The release of a competitive AI model like QwQ-32B positions Alibaba as a strong player in the AI market, likely boosting investor confidence and driving up the stock price. The model's efficiency in data usage adds to its appeal.
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