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Kiplinger
Kiplinger
Business
Joey Solitro

Alibaba Stock Gains on Promises Its New AI Model Is Better Than DeepSeek

Alibaba BABA Jim Kelleher Argus Research
Alibaba logo on a smartphone that's placed on top of a laptop keyboard.

Alibaba Group Holding (BABA) stock is scaling the price charts Wednesday after the Chinese e-commerce giant released a new version of its open-source artificial intelligence (AI) model, Qwen. BABA says this new version outperforms competitors, including the ultra-popular and industry-disrupting DeepSeek R1.

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