Alibaba's new Qwen3.8-Max-Preview AI model boasts 2.4 trillion parameters and claims to rival Anthropic's Fable 5, sending BABA stock up 5.4% in

The new open-weight model targets enterprise software engineering and multimodal workloads as enterprises weigh deployment efficiency alongside AI model performance.

Alibaba unveils Qwen3.8-Max with 2.4 trillion parameters, ranking just behind Claude Fable 5. Open weights release next week could reshape AI and