PYMNTS.com April 1, 2025
Alibaba Group Holding reportedly plans to release an upgraded version of its flagship AI model, Qwen 3, later this month.
The timing of the release could change, Bloomberg reported Tuesday (April 1), citing an unnamed source.
Alibaba did not immediately reply to PYMNTS’ request for comment.
The company’s latest release will come at a time when the competition in the field is heating up, according to the Bloomberg report.
Chinese companies have released several low-cost artificial intelligence (AI) services since DeepSeek gained attention with the release of its model that it said was less expensive to develop than those of its American rivals, the report said.
OpenAI, Google and Anthropic have also released new AI models in recent weeks, per...
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