Alibaba Unveils 2.4T-Parameter AI Model, Boosting Shares

According to the article, Alibaba has unveiled a new artificial intelligence model named Qwen3.8-Max, which the company says has 2.4 trillion parameters. Following the unveiling, the article reports that Alibaba's shares rallied, though it does not specify the size or duration of the rally. The article further states that the model excels at programming and at conducting deep research, though it does not provide additional technical specifications or independent evaluations.

The model's 2.4 trillion parameters make it a large-scale AI system, according to the article. The article notes that Chinese tech companies are competing to build more powerful systems. It also notes that these companies are aiming to do so without making the models prohibitively expensive to run. The article does not specify what 'prohibitively expensive' means in dollar terms, nor does it give details on the model's training process, energy consumption, or deployment plans.

The share price movement described in the article suggests that investors reacted positively to the scale and claimed capabilities of the new model. The article frames the release within a broader competitive dynamic among Chinese technology companies striving to build increasingly powerful AI systems. The article indicates that the affordability of running such models is a concern, as it notes the aim to avoid prohibitive expense. The article does not mention any regulatory review, safety assessment, or open-source licensing details for Qwen3.8-Max.