AssetID: 54580408
Headline: Alibaba Challenges AI Rivals with New Model, Stock Soars
Caption: Alibaba has launched QwQ-32B, its latest artificial intelligence reasoning model, claiming it outperforms OpenAI and Chinese startup DeepSeek. Following the announcement, Alibaba's Hong Kong-listed shares closed 8% higher, boosting the Hang Seng China Enterprises Index.
Keywords: Current Affairs & Politics,AI,Artificial Intelligence,Rivals,New,Model,Stock,Soars,Reasoning,OpenAI,Chinese,Hang Seng China Enterprises,Index,DeepSeek,Hong Kong,Science,Tech,Technology
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