U.S.-listed Alibaba Group stock climbed after the Chinese tech giant touted its latest AI model as trailing only Anthropic.

Alibaba unveils Qwen3.8 Max AI model, challenging Anthropic's position. Anthropic's chance for third-best AI model by July 2026 at 90.5% YES.

Alibaba's Qwen3.8 Max AI model claims second place globally behind Anthropic's Fable 5, narrowing the US-China tech gap with implications for AI and crypto