
OpenAI and DeepSeek have been making headlines, but now a new challenger from China is entering the fray. Alibaba's latest AI model is set to shake up the industry, marking a significant shift in the competitive landscape of artificial intelligence (AI) development.
On 6 March, Chinese tech giant Alibaba unveiled its latest AI reasoning model, claiming it outperforms similar models developed by OpenAI and the startup DeepSeek. The announcement sent Alibaba's Hong Kong-listed shares soaring by 8% by the end of the day and contributed to gains in the Hang Seng China Enterprises Index.