
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.

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.