AI Show! Alibaba claims its new model outperforms DeepSeek and ChatGPT
The announcement comes after Chinese AI startup DeepSeek shocked markets on Monday and sparked a tech-led sell-off in the US and Europe after the company claimed its AI is more cost-effective and performs better than leading US models.
Alibaba now claims that its new AI model, Qwen 2.5-Max, an open source, is even more impressive than DeepSeek's, putting pressure on its domestic and overseas rivals.
The e-commerce giant said that Qwen 2.5-Max is also able to outperform OpenAI's GPT-4 and Meta's (META) Llama-3.1-405B.
Alibaba's share price was up 1.2% at the time of writing, while its shares are up 25% in six months. Investors will be watching how the quest for AI dominance plays out as competition heats up among the tech titans.
Risk of a renewed US-China trade war
As reported on Tuesday, following the DeepSeek update, US President Donald Trump said the breakthrough was “a wake-up call” for American tech companies and the need for the US to “focus hard on competitiveness.” He also expressed confidence that American tech companies will maintain dominance in the AI industry.
Meanwhile, Trump's return has revived concerns about a US-China trade war No. 2. "For now, it's safe to say that today has sparked a rethink of 'AI trade' and the risks of a US-China trade war," Kyle Rodd, a senior market analyst at Compital.com, wrote in a note to clients.
So far, President Trump has not imposed the 60% tariff on Chinese imports he promised during his campaign. Instead, his administration has launched an assessment, with findings expected by April 1.
Poll

Trump's plan to downsize administration - Offers employees 8 months of pay if they resign
US President Donald Trump has offered severance packages to federal employees who do not want to return to work, giving them eight months of pay. Trump......

NGOs warn: US freeze on foreign aid is a 'death sentence' for people in need!
From life-saving treatment for HIV, to shelter for refugees, to food for malnourished children, U.S.-funded aid projects around the world are being halted,......

Russia, record wheat exports in 2024 - The main importers are Egypt, Turkey and Iran
Russia reached record grain export figures, selling 72 million tons in 2024. According to the latest forecasts, exports are expected to increase further......

"Fines on the rise. Every driver, at least one penalty" - Luzi: The increase in traffic flow has increased penalties from the police
Improper overtaking, using a phone while driving, or not wearing a seat belt are some of the most common violations that have resulted in penalties for......

“Harry Fultz”, partneritet me Institutin e Teknologjisë Rochester - Rama: Studentët do marrin edukim të nivelit më të lartë ndërkombëtar
Kryeministri Edi Rama dhe Ministrja e Arsimit dhe e Sportit Ogerta Manastirliu,ishin të pranishëm në institutin “Harry Fultz”, ku formimi akademik dhe......

Why did Deepseek shake up the AI market? - The platform offers free and unlimited services to users
Chinese startup DeepSeek is challenging the dominance of companies like OpenAI and Google by offering a cheaper, more user-friendly artificial intelligence......

The large Durana technological park, on the rise - Development plan approved, fiscal and customs regime facilitated
The government has approved the Detailed Development Plan, which paves the way for the creation and operation of Durana Tech Park, as the first technology......

Albania interested in Myanmar workers - Entrepreneurs: They have lower costs and high work efficiency
The labor market continues to be in search of employees. The recruitment of foreign workers was thought of as a solution to the demands of enterprises. And......