CNBC
Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up
Monday, August 3, 2026
Alibaba announced Qwen3.8-Max on Monday. The model is the company's latest in its Qwen series of AI models. The announcement came as Chinese technology companies continue developing AI capabilities.
Original reporting: https://www.cnbc.com/2026/08/03/alibaba-ai-model-qwen-rival-anthropic.html