Core Insights - The company has launched Qwen3-Max, its largest and most powerful model to date, following the release of the Qwen3-2507 series [1] - The preview version of Qwen3-Max-Instruct ranks third on the LMArena text leaderboard, surpassing GPT-5-Chat [1] - The official version of Qwen3-Max shows improvements in code capabilities and agent abilities, achieving industry-leading performance in comprehensive benchmark tests covering knowledge, reasoning, programming, instruction adherence, human preference alignment, agent tasks, and multilingual understanding [1]

Core Insights - Alibaba Cloud Tongyi Qwen has launched its largest and most powerful model to date, Qwen3-Max, following the release of the Qwen3-2507 series [1] - The preview version of Qwen3-Max-Instruct ranks third on the LMArena text leaderboard, surpassing GPT-5-Chat [1] - The official version of Qwen3-Max has enhanced capabilities in coding and agent functions, achieving industry-leading performance across various benchmarks [1] Model Specifications - Qwen3-Max has over 1 trillion parameters and was pre-trained using 36 trillion tokens [1] - The model architecture follows the design paradigm of the Qwen3 series and utilizes a global-batch load balancing loss proposed by Tongyi [1] Enhanced Version - The reasoning-enhanced version, Qwen3-Max-Thinking, has demonstrated exceptional potential, achieving 100% accuracy in high-difficulty reasoning benchmarks such as AIME 25 and HMMT [1] - This version integrates a code interpreter and employs parallel testing computational techniques [1]

Core Insights - Alibaba has launched Qwen3-Max, the largest and most powerful model to date [1] - The preview version of Qwen3-Max-Instruct ranks third on the LMArena text leaderboard, surpassing GPT-5-Chat [1] - The official version has enhanced capabilities in coding and agent functions, achieving industry-leading performance across comprehensive benchmark tests in knowledge, reasoning, programming, instruction adherence, human preference alignment, agent tasks, and multilingual understanding [1]

Core Insights - Alibaba Cloud Tongyi Qwen has launched its largest and most powerful model to date, Qwen3-Max, following the release of the Qwen3-2507 series [1] - The preview version of Qwen3-Max-Instruct ranks third on the LMArena text leaderboard, surpassing GPT-5-Chat [1] - The official version of Qwen3-Max has enhanced capabilities in coding and agent functions, achieving industry-leading performance across comprehensive benchmark tests in knowledge, reasoning, programming, instruction adherence, human preference alignment, agent tasks, and multilingual understanding [1] Model Specifications - Qwen3-Max features over 1 trillion parameters and was pre-trained using 36 trillion tokens [1] - The model architecture follows the design paradigm of the Qwen3 series and employs a global-batch load balancing loss proposed by Tongyi [1] Enhanced Version - The reasoning-enhanced version, Qwen3-Max-Thinking, has demonstrated exceptional potential, achieving 100% accuracy in high-difficulty reasoning benchmark tests such as AIME25 and HMMT [1]

阿里、百度争相自研芯片，AI点燃看涨狂潮，恒生科技有望再度向上突破。展望后市，美联储降息重 启，南向资金有望持续流入，在内外资共振以及AI叙事回归的共同催化下，恒生科技估值重构可期。 公开信息显示，阿里巴巴当前为恒生科技指数的第一大权重股，权重高达8.79%。没有港股通账户的投 资者或可通过恒生科技指数ETF（513180）一键布局中国AI核心资产。 资金方面，截至9月23日，南向资金已连续23个交易日净买入阿里巴巴，期间合计净买入621.16亿港 元。此外，公开消息显示，"木头姐"（Cathie Wood）掌门的Ark Investment Management旗下ETF向中概 股投资了约2100万美元，涉及的股票包括阿里巴巴、百度等中国科技股。其中最大的一笔交易是公司旗 下ARKF和ARKW两只ETF共买入99090股阿里巴巴股票，总价值超1600万美元。这项最新的投资可能标 志着Ark再次开始扩大其在中国互联网领域的投资。 9月24日早盘，港股三大指数震荡上行。盘面上，科网股涨跌分化，半导体股延续涨势。A股同赛道规 模最大的恒生科技指数ETF（513180）小幅上涨，持仓股中，ASMPT、阿里巴巴、中芯 ...

新模型、Agent（智能体）应用等AI软件产品及AI服务器等基础设施硬件或是看点。阿里巴巴CEO吴泳铭表示，大模型是 下一代操作系统。AI Cloud是下一代计算机。未来全世界或只会有5-6个超级云计算平台。 作者 | 龙 玥 编辑 | 硬 AI 9月24日，阿里巴巴2025云栖大会在杭州正式开幕。 本次大会将于24日至26日举行三天，以"云智一体·碳硅共生"为主题，设置 三大主论坛"云栖前瞻""云栖技 术""无法计算的价值"，共同探讨AI、云计算与产业应用的最新趋势。 硬·AI 新模型、Agent（智能体）应用等AI软件产品及AI服务器等基础设施硬件或是看点。上证报记者获悉，阿 里云将展示超大规模集群、分布式训练、推理加速等能力，并首次展出单柜支持144个计算节点的高密度 AI服务器和新一代高性能网络架构HPN8.0。 阿里巴巴CEO吴泳铭发表主旨演讲称， 资本开支会在3800亿基础上，增加更多的投入。通义千问的目标 是打造AI时代的安卓系统。大模型是下一代操作系统。AI Cloud是下一代计算机。未来全世界或只会有5- 6个超级云计算平台。 01 吴泳铭： ASI才是开始 大模型将是下一代的操作系统 大会 ...

Core Insights - Alibaba has launched Qwen3-Max following the release of the Qwen3-2507 series, with the preview version ranking third on the LMArena text leaderboard, surpassing GPT-5-Chat [1] - The official version of Qwen3-Max has enhanced capabilities in coding and agent functions, achieving industry-leading performance across comprehensive benchmark tests that cover knowledge, reasoning, programming, instruction adherence, human preference alignment, agent tasks, and multilingual understanding [1]

Group 1 - The 2025 Yunqi Conference will be held from September 24 to 26, showcasing AI software products, new models, agent applications, and infrastructure hardware [1] - Alibaba Group's CEO, Wu Yongming, emphasized that the intelligent revolution will exceed human imagination, with general artificial intelligence (AGI) set to enhance human intelligence and liberate human potential [1] - Wu stated that achieving AGI is a certainty, marking the beginning of the journey towards super artificial intelligence (ASI), which aims to address major scientific challenges such as climate change and energy [1] Group 2 - Wu believes that large models will serve as the next generation operating system, while AI cloud will be the next generation computer, predicting that there may only be 5 or 6 super cloud computing platforms globally in the future [2] - Alibaba is actively advancing a 380 billion yuan investment in AI infrastructure and plans to increase this investment further [2] - By 2032, the energy consumption of Alibaba Cloud's global data centers is expected to increase tenfold compared to 2022, indicating an exponential increase in computing power investment [2]

(责任编辑：宋政 HN002) 格隆汇9月24日｜2025云栖大会9月24日在杭州举行。阿里巴巴集团董事兼首席执行官，阿里云智能集团 董事长兼首席执行官吴泳铭表示，大模型是下一代操作系统。AI Cloud是下一代计算机。未来全世界或 只会有5-6个超级云计算平台。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Core Insights - Alibaba is actively advancing its AI infrastructure with a planned investment of 380 billion RMB, aiming to enhance its cloud computing capabilities significantly by 2032 [1] - The company is focusing on the development of Artificial General Intelligence (AGI) and Super Artificial Intelligence (ASI), with a roadmap that includes three stages: emergence of intelligence, autonomous action, and self-iteration [1] - Alibaba's recent product launches include six new AI models and APIs, showcasing its commitment to rapid innovation in the AI space [4][6][7] Investment and Financial Performance - Alibaba's cloud intelligence group reported a 26% year-on-year revenue growth in Q2 2025, with AI-related product revenue achieving triple-digit growth for the eighth consecutive quarter [9] - The company maintains its target of investing 380 billion RMB in cloud and AI hardware infrastructure over the next three years, adapting to supply chain uncertainties through partnerships [9] - The market share of Alibaba's Tongyi models in the enterprise market is 17.7%, making it the most chosen large model by Chinese enterprises [8] Product Development and Innovation - The newly launched products include a security model (Guard), a travel planner (Qwen Travel Planner), a live translation API, an upgraded programming model API (Qwen3-Coder), a visual-language model (Qwen3-VL), and a flagship model (Qwen3-Max) [5][6][7] - The Qwen3-Max model, with a parameter count of 1 trillion, significantly enhances capabilities in understanding complex instructions and tool usage, positioning it among the top global models [7] - Alibaba's rapid iteration of models is aimed at maintaining a competitive edge in the fast-evolving AI landscape, with a focus on commercial applications and performance metrics [8]