Alibaba launches Qwen3.8-Max, a 2.4 trillion parameter open-weight AI model competing with Anthropic and OpenAI, sending shares up 3.4% on the

Alibaba Group has launched its 2.4-trillion-parameter Qwen3.8-Max model that can analyze 200-page financial reports and process more than 100 hours of video content, putting it…

Alibaba Group has unveiled its latest 2.4 trillion-parameter AI model Qwen3.8, placing it among the world’s top-tier large language models in overall performance.

The biggest AI developments, decoded. 05 Aug 2026. | Business News