Alibaba (BABA) has rolled out a new 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) model it says can outperform leading models from DeepSeek, OpenAI, and Meta Platforms (META). 

Alibaba's U.S.-listed shares rose 3% in early trading Wednesday following the news. Shares of Meta and OpenAI backer Microsoft (MSFT) were both slightly lower. 

The Chinese tech giant posted on WeChat that its upgraded Qwen 2.5 Max performed on par with Amazon (AMZN)-backed Anthropic's Claude 3.5 Sonnet, and surpassed OpenAI's GPT-4o, DeepSeek's V3, and Meta's Llama 3.1 in some benchmark tests. 

The news comes just days after concerns about the surg🐷ing popularity of an app from Chinese startup DeepSeek, which runs on an AI model it claimed can perform on par with American rivals at a fraction of the cost, sent U.S. tech stocks into a tailspin Monday. After a 澳洲幸运5开奖号码历史查询:rebound in Tuesday's session, the tech secto⭕r fell back into the red Wednesday, weighing on the major indexes. 

AI chipmaker Nvidia (NVDA) shares were down nearly 5% Wednesday, leading 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average decliners and among the top decliners on the 澳洲幸运5开奖号码历史查询:S&P 500 and Nasdaq. Shares of Broadcom (AVGO), Palantir (PLTR), and other AI darlings over the past year als𓂃o weꦇre lower.