Alibaba Stock Jumps on Qwen Models Hit 700 Million Downloads [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
Warning! GuruFocus has detected 3 Warning Signs with BABA. Is BABA fairly valued? Test your thesis with our free DCF calculator. Alibaba Cloud, the company's cloud computing unit, reported that downloads of the Qwen model family surpassed 700 million on the Hugging Face developer platform as of January. The report shows Qwen downloads in December alone exceeded the combined total of the next eight most popular models on the platform. Competing offerings include models tied to Meta Platforms Inc. (META), OpenAI, and Chinese peers such as Zhipu AI. Alibaba Cloud has pushed adoption by open-sourcing Qwen models across a wide range of sizes, allowing developers to choose versions that fit different performance needs. Alibaba has also expanded Qwen into consumer-facing products, including the Qwen AI assistant, the Quark app, and Ant Group's health application A-Fu. To support this effort, the company recently formed the Qwen Consumer Business Group under Vice President Wu Jia.
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