Alibaba Unveils Qwen3-Next: A New AI Model That Outperforms Google's Gemini-2.5

Alibaba Group released its latest AI model, Qwen3-Next, which delivers ten times more performance at a tenth of the cost of its predecessor. The model has 80 billion parameters and costs less to train, running up to ten times faster than the earlier Qwen3-32B. Alibaba's AI initiatives have gained traction, with the company building Qwen into the world's largest open-source AI developer ecosystem. Alibaba shares have surged over 83% year-to-date, outpacing the NYSE Composite Index's 13% return.