Days after DeepSeek AI’s storm worldwide, its Chinese competitor Alibaba has launched the new version of its Qwen AI, claiming it to be faster than DeepSeek.
Chinese-based DeepSeek shook the tech world with its AI app that it claims to operate at a fraction of the cost of its Western rivals such as ChatGPT, Gemini, and others.
DeepSeek threat?
As per reports, Alibaba claimed that the new version of the AI Qwen 2.5 outperforms DeepSeek-V3, and even ChatGPT-40.
This comes after DeepSeek, a Chinese artificial intelligence (AI) model triggered a steep selloff in US semiconductor companies, sending the US markets slumping.
DeepSeek’s free AI assistant was launched last week, and it claimed to use less data and is said to be 95% cheaper than OpenAI rivals like ChatGPT and Gemini, as per reports.
The reports also suggested that it had surpassed ChatGPT in App Store downloads.
As a result, on January 27, the Nasdaq went down by 3.1% thanks to Nvidia’s 17% slump, costing investors a whopping $593 billion washout, stated the reports.
Alibaba’s first venture into AI was back in August 2023, when it launched Qwen-VL and Qwen-VL-Chat, open source for researchers, academics and companies worldwide.
Alibaba AI
Alibaba had said that Qwen-VL can respond to open-ended queries related to different images and generate picture captions.
Qwen-VL-Chat catered to more ‘complex interaction’, according to Alibaba, including writing stories and creating images based on photos that a user inputs.
Alibaba’s AI models are built upon the company’s large language model called Tongyi Qianwen.