Why Alibaba Stock Trounced the Market Today
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Alibaba Group's stock rose nearly 3% following the launch of its new AI model, Qwen2.5-Omni-7B, which can process various input types. This release comes amid a competitive AI landscape in China, where Alibaba has previously launched over 200 open-source AI models. The company claims Qwen2.5 offers exceptional performance and multimodal capabilities, positioning it as a strong contender in the AI market. Investors are advised to watch AI professionals' reactions to gauge its effectiveness and Alibaba's competitiveness in the evolving AI sector.
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