Why Alibaba Stock Trounced the Market Today
News of a fresh product release in a white-hot segment of the tech industry drew investors to Alibaba Group (NYSE: BABA) stock on Thursday. They ultimately ended up driving the Chinese tech giant's stock almost 3% higher in price, during a trading session that saw the benchmark S&P 500 (SNPINDEX: ^GSPC) close 0.3% lower.That day, Alibaba's Cloud unit launched the latest artificial intelligence (AI) model in its Qwen series. The somewhat awkwardly named Qwen2.5-Omni-7B is multimodal, meaning it can digest various types of inputs comprising text, video, images, audio, and others. Alibaba has made Qwen2.5 open-source. It is available on several platforms, including Alibaba Cloud's ModelScope open-source community, and GitHub. The company didn't hesitate to point out that this is habitual, as it has released more than 200 AI models as open-source offerings.Continue reading
News of a fresh product release in a white-hot segment of the tech industry drew investors to Alibaba Group (NYSE: BABA) stock on Thursday. They ultimately ended up driving the Chinese tech giant's stock almost 3% higher in price, during a trading session that saw the benchmark S&P 500 (SNPINDEX: ^GSPC) close 0.3% lower.
That day, Alibaba's Cloud unit launched the latest artificial intelligence (AI) model in its Qwen series. The somewhat awkwardly named Qwen2.5-Omni-7B is multimodal, meaning it can digest various types of inputs comprising text, video, images, audio, and others.
Alibaba has made Qwen2.5 open-source. It is available on several platforms, including Alibaba Cloud's ModelScope open-source community, and GitHub. The company didn't hesitate to point out that this is habitual, as it has released more than 200 AI models as open-source offerings.
