Alibaba’s Profit Falls 75% as AI Spending Surges
Alibaba’s profit fell about 75% in the June quarter as AI infrastructure spending jumped 75%, even as cloud revenue grew 45% and the company touted its new Qwen3.8-Max model.
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Alibaba Launches Qwen 3.8 Max with 2.4 Trillion Parameters
By
Daniel Mercer
• 3 mins read
Alibaba has launched Qwen 3.8 Max, a 2.4-trillion-parameter mixture-of-experts model with 1M context and aggressive API pricing.