Alibaba shares rose after release if its biggest AI model yet

Shares of Alibaba Group Holding Ltd. saw a modest rise on Monday (September 8) after the company announced the release of its biggest AI model yet on Friday.  Its shares rose 4.02% on the Hong Kong Stock Exchange (HKEX).

Alibaba released Qwen-3-Max-Preview, the company’s first model to have more than 1 trillion parameters, which is more than the estimated parameter count of 5 to 7 trillion on OpenAI’s GPT-4.5 model. Parameters are the variables that can make a huge difference to how an AI model generates results. 

Qwen-3-Max-Preview was rolled out…