Alibaba Cloud on Thursday launched QwQ-32B, a compact reasoning model built on its latest large language model (LLM), Qwen2.5-32b, one it says delivers performance comparable to other large cutting edge models, including Chinese rival DeepSeek and OpenAI’s o1, with only 32 billion parameters.

Alibaba's Hong Kong-listed stock surged 8.39 percent to a 52-week high following the announcement of its AI reasoning model—QwQ-32B. The company stated that the model competes with DeepSeek’s R1. The new model has greater efficiency,

The model operates with 32 billion parameters compared to DeepSeek's 671 billion, with only 37 billion actively engaged during inference, a design aimed at achieving higher efficiency amid rising demand for optimized AI performance.

Alibaba Group's release of an artificial intelligence (AI) reasoning model, which it said was on par with global hit DeepSeek's R1, drove its Hong Kong-listed shares more than 8% higher on Thursday.

Shares of Alibaba Group Holding Ltd. rose more than 8% today following the company’s release of a reasoning model with performance comparable to DeepSeek-R1. The new model, QwQ-32B, was open-sourced on Wednesday.

New AI contender. Chinese companies are continuing to make big strides in artificial intelligence, as Alibaba unveiled its latest reasoning model with fewer parameters than existi

The Hong Kong-listed shares of Alibaba Group surged more than 8% on Thursday following the release of a new reasoning model that the company said was on par with global hit DeepSeek's R1. Qwen, the e-commerce leader's artificial intelligence unit,

Alibaba's new AI model with fewer parameters rivals DeepSeek's R1 and OpenAI's o1 mini. Read more.