Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up

Alibaba Group Holding Ltd. unveiled its latest and 'most powerful' AI model, Qwen3.8-Max, on Monday, causing its shares to rally as Chinese companies race to close the AI gap with the U.S. The announcement intensifies competition in the AI sector between the two countries.

Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up Source: CNBC Technology https://www.cnbc.com/technology/ Alibaba unveiled its latest and 'most powerful' AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S. Get AI news in your inbox Daily digest of what matters in AI.