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Alibaba Launches Kimi K3 Rival
Alibaba announced that it has launched a beta version of its AI model "Qwen3.8 Max," which includes approximately 2.4 trillion parameters and ranks second worldwide after the "Fable 5" model from Anthropic. The model has experienced high demand, leading to a temporary suspension of new subscriptions. The company aims to make it available to developers through its platforms, with plans to release open-source versions to promote outside use beyond the beta. This comes amid China's rapidly accelerating race to lead the AI market, where Alibaba's shares increased by 5.4%, while Zhipo's shares fell by about 30% following the launch of its competitive powerful models, reflecting the momentum of China’s AI sector in facing global competition.
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