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Alibaba's new AI model rivals DeepSeek and OpenAI, company says

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Alibaba (BABA) unveils its new artificial intelligence (AI) reasoning model, QwQ-32B, stating it could rival DeepSeek's own AI while outperforming OpenAI's lower-cost model. Similar to DeepSeek's own market-rattling launch, Alibaba's introduction of QwQ-32B is being attributed as one aspect of Thursday morning's tech sell-off.

Seana Smith and Madison Mills report more on this.

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This post was written by Naomi Buchanan.