Latest news with #QwQ-32B
The Star
30-04-2025
- Business
- The Star
Smartphone giant Xiaomi unveils AI model, joining fierce competition in China
Xiaomi says its open-source MiMo reasoning model, trained completely in-house, rivals the performance of OpenAI's o1-mini and Alibaba's QwQ-32B. — SCMP Chinese smartphone and electric vehicle maker Xiaomi on Friday unveiled a new reasoning artificial intelligence (AI) model developed in-house, underscoring the company's ambition to integrate its hardware products with home-grown generative AI. The open-source MiMo model has 7 billion parameters and outperformed OpenAI's o1-mini and Alibaba Group Holding's QwQ-32B-Preview, part of the Qwen series of models, in maths reasoning and coding, Xiaomi said in a statement. Alibaba owns the South China Morning Post. The model was developed by Xiaomi's specialised AI task force, known as Core, the company said. Xiaomi's stock price in Hong Kong gained 4.7% in morning trading on Friday, while shares of Kingsoft Cloud Holdings – in which Xiaomi holds a 10% stake and Xiaomi CEO Lei Jun holds 11% – jumped 15.3%. The launch of the model aligns with earlier reports that Xiaomi has been building up its computing resources. According to a report by local media outlet Jiemian in December, Xiaomi bought about 10,000 graphics processing units to train its models. Xiaomi's AI ambitions were evident when the company made an offer to hire Luo Fuli, China's AI 'genius girl' from DeepSeek. Luo, a key contributor to the DeepSeek-V2 model, ultimately declined the offer. Xiaomi's AI model comes at a time when China's deep-pocketed Big Tech firms are beginning to show their strengths in developing foundational models, driven by the commercial potential of combining their products with AI. Alibaba on Tuesday unveiled the highly anticipated third generation of its open-source Qwen models, which promises faster processing and enhanced multilingual capabilities. The release intensifies an already heated Chinese market, which has been flooded with competing products over the past couple of years. The Qwen3 series comes in eight sizes, from 600 million to 235 billion parameters, with enhancements across all versions, according to the Qwen team at Alibaba Cloud, the unit responsible for the company's AI efforts. – South China Morning Post
USA Today
25-03-2025
- Business
- USA Today
DeepSeek's V3 upgrade challenges OpenAI and Anthropic in global AI race
DeepSeek's V3 upgrade challenges OpenAI and Anthropic in global AI race Show Caption Hide Caption Alibaba releases AI bot to rival DeepSeek Alibaba has unveiled its latest AI reasoning model, QwQ-32B, whose performance is on par with DeepSeek's R1 model despite using significantly fewer parameters. Cheddar Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic. The new model, DeepSeek-V3-0324, was made available through AI development platform Hugging Face, marking the company's latest push to establish itself in the rapidly evolving AI market. What is DeepSeek?: How a small Chinese startup shook up the AI sector The latest model demonstrates significant improvements in areas such as reasoning and coding capabilities compared to its predecessor, with benchmark tests showing enhanced performance across multiple technical metrics published on Hugging Face. DeepSeek has rapidly emerged as a notable player in the global AI landscape in recent months, releasing a series of models that compete with Western counterparts while offering lower operational costs. The company launched its V3 model in December, followed by the release of its R1 model in January. Reporting by Liam Mo and Brenda Goh; Editing by Kim Coghill
Yahoo
24-03-2025
- Business
- Yahoo
China's Bull Market Keeps Growing. 4 Reasons to Buy Alibaba Like There's No Tomorrow.
While the U.S. stock market has been under pressure, the ADRs (American depositary receipts) of Chinese stocks have suddenly become red hot. And there could be a lot more upside ahead. One of the most intriguing Chinese stocks right now is Alibaba (NYSE: BABA). Let's look at four reasons to buy the stock like there is no tomorrow. Despite export restrictions on advanced semiconductors, Chinese companies have been making great strides in artificial intelligence (AI), and Alibaba is one of the leaders in the space. The company has said that its newest Qwen 2.5 model outperforms the competition, including models from Chinese rival DeepSeek and U.S. companies such as Meta Platforms and OpenAI. In addition to its foundation model, Alibaba also offers several task-specific open-source models as well. In the fall, it launched over 100 of these models, including ones designed specifically for things like mathematics and coding. Earlier this month, meanwhile, it introduced a new AI assistant powered by its new QwQ-32B AI reasoning model. Alibaba's AI prowess is starting to show up in its Cloud Intelligence results, which is its cloud computing segment. Last quarter, segment revenue grew 13% despite the company continuing to let lower margin contract revenue roll off, as AI-related revenue once again more than doubled. Profitability, meanwhile, soared with segment-adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumping 33%. In addition, the company is beginning to partner with other leading tech companies. Apple will use Alibaba's AI model to power its Apple Intelligence solution in China, which is a big win. Meanwhile, it recently teamed up with Chinese AI start-up Manus AI to collaborate on agentic AI, with which AI agents can go out and perform tasks for you. In addition to its AI opportunities, Alibaba is seeing signs that it is turning around its e-commerce business, which consists of leading platforms Tmall and Taobao. The former is an e-commerce marketplace where established brands sell their merchandise, while on the latter, both individuals and businesses can sell their goods. These businesses had been under pressure due to a lagging Chinese economy and competitive pressures. However, the company invested heavily in its e-commerce segment to first help boost its gross merchandise value (GMV), which is the total value of goods sold through its platforms, and then better monetize its platform. This came in the form of adding a small software service fee, promoting its 88VIP premium memberships, and developing a new AI marketing tool called Quanzhantui. Last quarter, these efforts started to bear fruit, with third-party revenue climbing 9% and overall segment revenue up 5%. Segment EBITDA, meanwhile, edged up 2%. This turnaround is still in its early days, but clear progress has been made. Alibaba also operates a number of emerging businesses, of which its International commerce segment (AIDC) is the farthest along. This consists of its AliExpress cross-border business, which connects Chinese sellers to overseas buyers, as well as Trendyol, which is focused on local merchants in Turkey and the Middle East. It has also been building out its Cainiao logistics business to better serve AliExpress and shorten delivery times to make the platform more competitive. Its AIDC segment has been growing quickly, with revenue jumping 32% last quarter. However, the segment remains a drag on profitability, with negative EBITDA of $678 million last quarter, as the business has still not reached scale. However, management has said it expects the segment to turn its first profit within the next fiscal year. Flipping this business to profitability would be a very nice boost to the company's earnings growth moving forward. In addition to the opportunities in front of it, Alibaba's stock remains attractively valued despite the big jump in its share price this year. The stock is up more than 60% year to date as of this writing. It trades at a forward price-to-earnings ratio (P/E) of about 15 for fiscal 2026 analyst estimates. That's about half the valuation of its closest U.S. counterpart, Amazon. Alibaba also has $23.1 billion in cash and short-term investments, as well as $47.4 billion in equity and other investments on its balance sheet, which accounts for over 20% of its market cap. While I don't think Alibaba should have the same valuation as Amazon, I think there is room to close the gap a bit. Meanwhile, the company has a lot of potential to begin accelerating both revenue and earnings growth in the near future, making it a solid option to buy. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $721,394!* Now, it's worth noting Stock Advisor's total average return is 839% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Geoffrey Seiler has positions in Alibaba Group. The Motley Fool has positions in and recommends Amazon, Apple, and Meta Platforms. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. China's Bull Market Keeps Growing. 4 Reasons to Buy Alibaba Like There's No Tomorrow. was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
23-03-2025
- Business
- Yahoo
China's Bull Market Keeps Growing. 4 Reasons to Buy Alibaba Like There's No Tomorrow.
While the U.S. stock market has been under pressure, the ADRs (American depositary receipts) of Chinese stocks have suddenly become red hot. And there could be a lot more upside ahead. One of the most intriguing Chinese stocks right now is Alibaba (NYSE: BABA). Let's look at four reasons to buy the stock like there is no tomorrow. Despite export restrictions on advanced semiconductors, Chinese companies have been making great strides in artificial intelligence (AI), and Alibaba is one of the leaders in the space. The company has said that its newest Qwen 2.5 model outperforms the competition, including models from Chinese rival DeepSeek and U.S. companies such as Meta Platforms and OpenAI. In addition to its foundation model, Alibaba also offers several task-specific open-source models as well. In the fall, it launched over 100 of these models, including ones designed specifically for things like mathematics and coding. Earlier this month, meanwhile, it introduced a new AI assistant powered by its new QwQ-32B AI reasoning model. Alibaba's AI prowess is starting to show up in its Cloud Intelligence results, which is its cloud computing segment. Last quarter, segment revenue grew 13% despite the company continuing to let lower margin contract revenue roll off, as AI-related revenue once again more than doubled. Profitability, meanwhile, soared with segment-adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumping 33%. In addition, the company is beginning to partner with other leading tech companies. Apple will use Alibaba's AI model to power its Apple Intelligence solution in China, which is a big win. Meanwhile, it recently teamed up with Chinese AI start-up Manus AI to collaborate on agentic AI, with which AI agents can go out and perform tasks for you. In addition to its AI opportunities, Alibaba is seeing signs that it is turning around its e-commerce business, which consists of leading platforms Tmall and Taobao. The former is an e-commerce marketplace where established brands sell their merchandise, while on the latter, both individuals and businesses can sell their goods. These businesses had been under pressure due to a lagging Chinese economy and competitive pressures. However, the company invested heavily in its e-commerce segment to first help boost its gross merchandise value (GMV), which is the total value of goods sold through its platforms, and then better monetize its platform. This came in the form of adding a small software service fee, promoting its 88VIP premium memberships, and developing a new AI marketing tool called Quanzhantui. Last quarter, these efforts started to bear fruit, with third-party revenue climbing 9% and overall segment revenue up 5%. Segment EBITDA, meanwhile, edged up 2%. This turnaround is still in its early days, but clear progress has been made. Alibaba also operates a number of emerging businesses, of which its International commerce segment (AIDC) is the farthest along. This consists of its AliExpress cross-border business, which connects Chinese sellers to overseas buyers, as well as Trendyol, which is focused on local merchants in Turkey and the Middle East. It has also been building out its Cainiao logistics business to better serve AliExpress and shorten delivery times to make the platform more competitive. Its AIDC segment has been growing quickly, with revenue jumping 32% last quarter. However, the segment remains a drag on profitability, with negative EBITDA of $678 million last quarter, as the business has still not reached scale. However, management has said it expects the segment to turn its first profit within the next fiscal year. Flipping this business to profitability would be a very nice boost to the company's earnings growth moving forward. In addition to the opportunities in front of it, Alibaba's stock remains attractively valued despite the big jump in its share price this year. The stock is up more than 60% year to date as of this writing. It trades at a forward price-to-earnings ratio (P/E) of about 15 for fiscal 2026 analyst estimates. That's about half the valuation of its closest U.S. counterpart, Amazon. Alibaba also has $23.1 billion in cash and short-term investments, as well as $47.4 billion in equity and other investments on its balance sheet, which accounts for over 20% of its market cap. While I don't think Alibaba should have the same valuation as Amazon, I think there is room to close the gap a bit. Meanwhile, the company has a lot of potential to begin accelerating both revenue and earnings growth in the near future, making it a solid option to buy. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $721,394!* Now, it's worth noting Stock Advisor's total average return is 839% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Geoffrey Seiler has positions in Alibaba Group. The Motley Fool has positions in and recommends Amazon, Apple, and Meta Platforms. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. China's Bull Market Keeps Growing. 4 Reasons to Buy Alibaba Like There's No Tomorrow. was originally published by The Motley Fool
Yahoo
06-03-2025
- Business
- Yahoo
Marvell dives, Alibaba's new AI model, Macy's: Market Minute
On today's Market Minute, Yahoo Finance anchor Josh Lipton outlines the top stories on Wall Street. Marvell Technology (MRVL) shares plunge on the chipmaker's weak outlook as investors weigh artificial intelligence (AI) demand sustainability. Alibaba (BABA) announces QwQ-32B, a new AI reasoning model, that the company says rivals DeepSeek's AI model and outperforms OpenAI's lower-cost model. Macy's (M) stock is in focus following the company's earnings print, adding to the large number of major retailers issuing weak guidance. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. This post was written by Naomi Buchanan. Sign in to access your portfolio
