Alibaba Touts New AI Model Superior to DeepSeek's and Meta's.

Alibaba Group Holding Ltd. has released a new artificial intelligence model, the Qwen 2.5 Max edition, which outperformed models from Meta Platforms Inc. and DeepSeek in various tests. The company, along with Tencent Holdings Ltd. and Baidu Inc., is investing heavily in cloud services and competing to attract China's AI developers. Cloud service providers like Alibaba and Tencent have reduced prices to attract more users, with DeepSeek and other AI startups in China contributing to a price war. [Extracted from the article]