Alibaba's Qwen unit unveils preview of new AI model with 1T parameters

Alibaba's Qwen unit unveiled a preview of its newest AI model, Qwen3-Max-Preview, with over 1T parameters. The announcement caused Alibaba's shares to rise 3.3% in midday trading. The new model was announced on the social network X, highlighting the growing importance of AI in the tech industry.

Alibaba (NYSE: BABA) was in the spotlight on Friday as its Qwen unit shared a preview of its newest AI model, Qwen3-Max-Preview, featuring over 1 trillion parameters. This announcement led to a 3.3% increase in Alibaba's shares during midday trading [1].

The new model was introduced on the social network X, underscoring the growing significance of AI in the tech industry. According to Alibaba, Qwen3-Max-Preview outperforms its previous best model, Qwen3-235B-A22B-2507, in various benchmarks and internal tests. The company reported enhanced performance, a broader knowledge base, and improved conversational abilities, as well as advanced proficiency in agentic tasks and instruction following [1].

The preview of Qwen3-Max-Preview comes amidst a competitive landscape where major tech companies are investing heavily in large language model technology. Alibaba's announcement positions it as a significant player in this rapidly evolving field, with the new model joining the ranks of the largest publicly announced AI models [2].

The positive market reaction suggests that investors view this AI advancement as a strategic move for Alibaba. The company's commitment to AI development is likely to have long-term implications for its competitive position in the global tech market.

References:

[1] https://seekingalpha.com/news/4492791-alibaba-in-focus-as-qwen-unveils-preview-of-new-ai-model-with-1t-parameters
[2] https://www.investing.com/news/stock-market-news/alibaba-stock-rises-as-company-launches-trillionparameter-ai-model-93CH-4227223