Chinese tech giant Alibaba announced on Wednesday the release of its Qwen 2.5-Max AI model, claiming it outperforms the widely praised DeepSeek-V3, also released a few days ago.
"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," the company said in an announcement on WeChat. The claim follows DeepSeek's rapid rise after launching its AI assistant and R1 model, which have surged in popularity, topping the Apple App Store charts.
DeepSeek's emergence has fueled volatility in global tech stocks, with investors reassessing the financial sustainability of major firms' heavy AI spending. The escalating rivalry has also prompted other Chinese tech giants, including ByteDance, to accelerate their AI advancements to keep pace.
