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Alibaba Unveils Qwen3.8, 'Second only to Fable 5'

The 2.4 trillion-parameter model is available on Alibaba’s own platforms and is expected to go open-weight soon.

  • Alibaba shares surged more than 3.5% in overnight trading on Monday after unveiling its Qwen3 Max preview, which the company claims is "second only to Anthropic's Fable 5."
  • Days earlier, Chinese contemporary Moonshot unveiled Kimi, an open-weight model that surged in interest, forcing the company to pause new subscriptions on Sunday.
  • Across cited benchmarks, Kimi trailed only OpenAI's GPT-5 Sol and Anthropic's Fable 5, outperforming both in coding tasks and available on Alibaba's Token Plan, Qoder, and QoderWork.
  • Rival AI makers faced sharp declines: Zhipu shares fell more than 45% in five days, while MiniMax lost nearly 13% in five days and more than 61% over the past month.
  • Moonshot plans to go public in six months riding the wave of interest in Chinese models, while Alibaba's flagship Owen model is expected to go open-weight soon.
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New AI models from the People's Republic record it with Anthropic and Open AI. This shakes the stock exchanges.

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OfficeChai broke the news on Sunday, July 19, 2026.
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