Alibaba Group Holding previewed its new flagship artificial intelligence model, Qwen3.8 Max. The model features 2.4 trillion parameters. Alibaba claims the system is the world's second most powerful AI, trailing only Anthropic's Fable 5. This launch intensifies competition with Chinese rival Moonshot AI.
Alibaba shares climbed 5.4% in Hong Kong on July 20, 2026. U.S. premarket trading saw shares rise nearly 4%. Goldman Sachs analysts stated the development signals increasing rivalry in the high-end AI sector.
The model is currently available as a preview to developers on Alibaba's platforms. The company plans a broader open-weight release soon.