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Benzinga
Benzinga
Business
Anusuya Lahiri

TikTok Parent ByteDance Takes Aim At Alibaba, DeepSeek With New Open-Source AI Model

Ai,Artificial,Intelligence,Technology,For,Data,Analysis,,Research,,Planning,,And

ByteDance released a new open-source AI model on Wednesday, aiming to challenge rivals Alibaba (NYSE:BABA) Cloud and DeepSeek in the global market.

Alibaba’s shares traded lower on Thursday following the announcement.

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