Alibaba (9988.HK) has unveiled its latest artificial intelligence model, Qwen 2.5, in a strategic move to reinforce its standing in China’s AI race. Released on the first day of the Lunar New Year, a time when most of China is on holiday,

Alibaba Group (NYSE: BABA) shares are trading higher Thursday as the company's latest artificial intelligence model, Qwen 2.5, gained traction.

Two days after the release of DeepSeek-R1, TikTok owner ByteDance released an update to its flagship AI model, which it claimed outperformed Microsoft-backed OpenAI's o1 in AIME, a benchmark test that measures how well AI models understand and respond to complex instructions.