Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up
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Alibaba unveiled Qwen3.8-Max, calling it its most powerful AI model yet, as Chinese tech firms accelerate efforts to close the gap with American AI leaders. Per CNBC, Alibaba's stock jumped on the announcement.
Source: https://www.cnbc.com/2026/08/03/alibaba-ai-model-qwen-riv...
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