China’s New AI Tools Ignite Stock Market Frenzy as Alibaba Soars

China’s New AI Tools Ignite Stock Market Frenzy as Alibaba Soars

(Bloomberg) — A pair of new artificial intelligence tools from China sparked frenzied trading in the nation’s stock market, propelling an index of technology companies to a multi-year high.

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Alibaba Group Holding Ltd. on Thursday unveiled its latest open-sourced the QwQ-32B model. The platform marked a big leap over the previous version using just a fraction of the data DeepSeek’s R1 employs. Also this week, Manus AI launched what it called a general AI…

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https://finance.yahoo.com/news/alibaba-shares-jump-7-unveiling-025614788.html