Chinese tech giant Alibaba has unveiled a new AI model called the QwQ-32B, which the company says is capable of competing with its revolutionary DeepSeek-R1. Alibaba shares on the Hong Kong Stock Exchange have soared on the news, reaching their highest in 52 weeks, up 8.39% on Thursday, CNBC reports.
► Subscribe to the telegram channel “Minfina”: the main financial news
What is known about the new model
Alibaba’s new AI model has 32 billion parameters, far fewer than DeepSeek-R1’s 671 billion parameters (of which 37 billion are actively used to generate answers). Fewer parameters generally lead to better performance, which is especially important as demand grows for optimized AI solutions that consume fewer computing resources.
“Impressive results” and further improvements
Alibaba says the new QwQ-32B has already demonstrated “impressive results.” The company is continuing to improve its performance, focusing on areas such as math and programming.
The Global Race to Improve AI Model Performance
Following the surprise launch of the DeepSeek R1 earlier this year, both traditional and new AI players around the world are racing to create more efficient and cost-effective AI models.
🕵️ We created a short survey to learn more about our readers.
💛💙 Your answers will help us become better, pay more attention to the topics that interest you.
🤗 We would be grateful if you could take a minute to answer our questions.
- Stock Market Technologies