Alibaba launches DeepSeek rival, sending stock surging | CNN Business

Alibaba launches DeepSeek rival, sending stock surging | CNN Business


Hong Kong
CNN
 — 

Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat those of rival models from OpenAI and startup DeepSeek.

The news prompted Alibaba’s Hong Kong-listed shares to close 8% higher on the day and helped boost the Hang Seng’s China Enterprises Index.

The release of…

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https://www.cnn.com/2025/03/06/tech/china-alibaba-ai-model-deepseek-hnk-intl/index.html