Alibaba Cloud on Thursday launched QwQ-32B, a compact reasoning model built on its latest large language model (LLM), Qwen2.5-32b, one it says delivers performance comparable to other large cutting edge models, including Chinese rival DeepSeek and OpenAI’s o1, with only 32 billion parameters.

Chinese tech giant Alibaba said its latest AI reasoning model, QwQ-32B, “rivals cutting-edge reasoning model, e.g., DeepSeek-R1.”

Hong-Kong listed shares (HK:9988) jumped over 8% today, after the company launched its new open-source AI (artificial intelligence) model, which challenges DeepSeek’s R1 model. Alibaba’s AI unit, Qwen,

Alibaba touted its new model, QwQ-32B, in an online statement as delivering “exceptional performance, almost entirely surpassing OpenAI-o1-mini and rivaling the strongest open-source reasoning model, DeepSeek-R1.” OpenAI-o1-mini is the American company’s cost-efficient reasoning model released last year.

A surge in AI developments from Chinese tech giants has fueled a rally in China's stock market, pushing tech shares to multi-year highs.

Chinese multinational technology company Alibaba launched its artificial intelligence reasoning model on Thursday, Mar. 7, boasting that the AI model's capabilities beat DeepSeek and OpenAI. Read More