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3h ago

Alibaba Boosts AI Spending, Debuts 1-Trillion-Parameter Qwen3-Max at Apsara

Investor reaction lifted the shares more than 6% following the cloud unit’s push to be a full‑stack AI provider.

An Alibaba logo is displayed at the company's booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 10, 2025. REUTERS/Maxim Shemetov/ File Photo
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Overview

  • CEO Eddie Wu said Alibaba will expand AI infrastructure investment beyond the previously pledged 380 billion yuan over three years without disclosing a new figure.
  • The company introduced Qwen3-Max, its most powerful model to date with more than one trillion parameters and emphasized strengths in code generation and autonomous-agent tasks.
  • Alibaba said third-party tests such as Tau2-Bench showed Qwen3-Max outperforming rivals including Anthropic’s Claude and DeepSeek‑V3.1 in selected metrics.
  • Additional releases included Qwen3-Omni, a multimodal system geared to immersive uses such as smart glasses and intelligent cockpits.
  • Wu framed Alibaba Cloud’s role as a full-stack provider from compute to models and projected global AI investment exceeding $4 trillion over five years.