2月16日除夕当天，阿里巴巴开源全新一代大模型千问Qwen3.5-Plus。 此次发布的Qwen3.5-Plus版本总参数为3970亿，激活仅170亿，以小胜大，性能超过万亿参数的Qwen3- Max模型，部署显存占用降低60%，推理效率大幅提升，最大推理吞吐量可提升至19倍。Qwen3.5-Plus 的API价格每百万Token低至0.8元，仅为Gemini 3 pro的1/18。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 据悉，千问APP、PC端已第一时间接入Qwen3.5-Plus模型。开发者可在魔搭社区和HuggingFace下载新 模型，或通过阿里云百炼直接获取API服务。 （来源：智通财经） ...

Core Viewpoint - Alibaba Cloud has launched the new generation open-source model Qwen 3.5-Plus, which is claimed to be the strongest open-source model globally, marking a significant advancement from a pure text model to a native multimodal model [1] Group 1 - Qwen 3.5 has transitioned from pre-training on pure text tokens to pre-training on a mix of visual and text tokens, enhancing its capabilities [1] - The model has significantly increased its dataset, incorporating multilingual, STEM, and reasoning data, which allows it to acquire more comprehensive world knowledge and reasoning logic [1] - Qwen 3.5 achieves top-tier performance with less than 40% of the parameter count compared to the Qwen 3-Max base model, which has over one trillion parameters, excelling in various benchmark evaluations including reasoning, programming, and agent intelligence [1]

Core Insights - The article highlights the advancements of Alibaba Cloud's Qwen3.5 model, which features a hybrid architecture that combines linear attention mechanisms with sparse mixture of experts, resulting in improved inference efficiency [1] Group 1: Model Performance - The Qwen3.5 series demonstrates exceptional performance comparable to leading edge models in various task evaluations [1] - There has been a significant leap in model effectiveness in both pure text and multimodal tasks compared to the previous 3 series [1]

Core Insights - Alibaba has released the Qwen3.5-Plus model on New Year's Eve, featuring significant architectural innovations [1] Group 1: Model Specifications - The new version has a total of 397 billion parameters and 17 billion activated parameters, surpassing the performance of Qwen3-Max [1] - Memory usage has decreased by 60%, while inference throughput has increased by 19 times [1] Group 2: Pricing and Accessibility - The API price for Qwen3.5-Plus is set at 0.8 yuan per million tokens [1] - The Qwen app and PC version have already integrated this new model [1]

2月16日，阿里巴巴开源全新一代大模型千问Qwen3.5-Plus，记者了解到，千问3.5实现了底层模型架构的创新，此次发布的Qwen3.5-Plus版本总参数 为3970亿，激活仅170亿，性能超过万亿参数的Qwen3-Max模型，部署显存占用降低60%，最大推理吞吐量可提升至19倍。Qwen3.5-Plus的API价格每 百万Token低至0.8元。 据悉，千问APP、PC端已第一时间接入Qwen3.5-Plus模型。开发者可在魔搭社区和HuggingFace下载新模型，或通过阿里云百炼直接获取API服务。 今天下午，阿里在chat.qwen.ai页面低调上线了Qwen3.5-Plus和Qwen3.5-397B-A17B两款新模型。Qwen3.5-Plus定位为Qwen3.5系列最新大语言 模型，Qwen3.5-397B-A17B定位则是Qwen3.5开源系列旗舰大语言模型。两款模型均支持文本和多模态任务。 微信编辑 | 苏小 ...

Core Insights - Alibaba has quietly launched two new models, Qwen3.5-Plus and Qwen3.5-397B-A17B, on the chat.qwen.ai platform [1] - Qwen3.5-Plus is positioned as the latest large language model in the Qwen3.5 series, while Qwen3.5-397B-A17B is the flagship model of the open-source Qwen3.5 series [1] - Both models support text and multimodal tasks [1]

Core Insights - Alibaba has launched a new generation of open-source model, Qwen3.5-Plus, which is claimed to outperform Gemini 3 Pro, making it the strongest open-source model globally [1] Model Performance - Qwen3.5-Plus features a total of 397 billion parameters, with only 17 billion activated, achieving superior performance compared to the trillion-parameter Qwen3-Max model [1] - The deployment memory usage has been reduced by 60%, and inference efficiency has significantly improved, with maximum inference throughput increased by up to 19 times [1] Cost Efficiency - The API pricing for Qwen3.5-Plus is set at 0.8 yuan per million tokens, which is only 1/18th of the cost of Gemini 3 Pro [1] Technological Advancements - Qwen3.5 has achieved breakthroughs in native multimodal capabilities through pre-training on mixed text and visual data, demonstrating excellent performance across various benchmarks in reasoning, programming, and agent intelligence [1] - The model has also excelled in authoritative evaluations of visual understanding, winning several performance accolades [1] Accessibility - The Qwen3.5-Plus model is now integrated into the Qwen APP and PC platform, with developers able to download it from the Modao community and HuggingFace, or access API services directly through Alibaba Cloud [1]

Core Viewpoint - The application software sector is facing significant existential threats from advancements in AI, leading to a decline in stock values and a challenging environment for established firms [1][2]. Group 1: Market Performance - An exchange-traded fund tracking the US software sector has decreased by 22% this year, contrasting sharply with the semiconductor sector, which has seen substantial gains due to increased demand for computing driven by AI [2]. - The Polar Capital fund, managed by Nick Evans, has outperformed 99% of its peers over the past year and 97% over five years, indicating a successful strategy in navigating the current market conditions [1]. Group 2: Company Strategies - Nick Evans has divested from most application software holdings, retaining only a small position in Microsoft Corp., and has sold off shares in companies like SAP SE, ServiceNow Inc., Adobe Inc., and HubSpot Inc., stating a commitment not to return to these companies [4]. - Companies producing complex software packages, such as SAP, may exhibit more resilience; however, the increasing power of AI tools introduces significant uncertainty regarding their long-term valuations [6]. Group 3: Competitive Landscape - AI coding tools have advanced to a level where they can replicate and modify existing software, intensifying competition for established firms from both their clients and emerging AI startups [5]. - The financial strain on software companies may increase due to the need to compensate employees with cash for lost equity value, as stock prices decline [8]. Group 4: Investment Focus - As of the end of January, seven out of the top ten positions in the Polar Capital fund were semiconductor companies, with Nvidia Corp. being the top holding at nearly 10% of the portfolio, reflecting a strategic pivot towards sectors less threatened by AI disruption [7].

MiniMax日前发布旗舰Coding模型M2.5,2月15日深夜再推HighSpeed Coding Plan，主打高效Agent应用白 领生产力场景，受到海内外开发者热捧。公开资料显示，MiniMax股价同步走强，蛇年最后一个交易日 股价冲高至886港元/股，创下港股2026年单价历史新高。 ...

Core Viewpoint - Michael Burry has intensified his criticism of Palantir Technologies Inc., alleging unethical corporate behavior and predicting a significant stock decline [1][4]. Allegations of Corporate Behavior - Burry has raised concerns about Palantir's alleged involvement in "covert smear campaigns," specifically related to the UK's National Health Service (NHS) investigation into potential contract breaches [2][3]. - Jo Maugham, Executive Director of the Good Law Project, stated that Palantir cannot be trusted with important national contracts [4]. Technical Analysis and Stock Forecast - Burry's technical analysis indicates a potential decline for Palantir's stock, identifying a "Head & Shoulders" reversal pattern [4]. - The analysis suggests a "Next Support" level near $80, with a potential "Landing Area" between $50 and $60, indicating a possible 54.34% drop from the current trading price of $131.41 [5]. Company Performance - Year-to-date, Palantir's shares have decreased by 21.71%, while the Nasdaq 100 has only fallen by 1.88% during the same period [7]. - Over the last six months, the stock has declined by 24.49%, although it has seen a 5.45% increase over the past year [7]. - Palantir's stock is characterized by a weaker price trend across various time frames, despite a solid growth score according to Benzinga's Edge Stock Rankings [7].