Alibaba shares rise after it reveals new AI model, Qwen-3

Mackenzie Seagalos with those details. What do we know here. Hey Scott.So those shares started to jump up after the company unveiled Quen 3. That's the next generation of its AI model. Now Alibaba says it's more efficient, built to deliver stronger performance while cutting computational costs.This is open source, similar to Deepseek's R1 model, and analysts say that it is a serious threat to rivals in China as well as to the big LLM makers like OpenAI and Anthropic here in Silicon Valley. BU shares also cl ...