Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its ...

Shares of Alibaba Group listed in the U.S. are jumping in intraday trading Thursday after the Chinese tech and e-commerce giant reported quarterly results that beat estimates.

The announcement came a day after the Chinese government pledged increased support for industries including AI.

Alibaba reported fiscal third-quarter 2024 revenue growth of 8% to $38.38 billion, beating the analyst consensus of $38.19 billion. Adjusted earnings per ADS of $2.93 beat the consensus estimate ...

By transforming Quark into an intuitive AI super assistant, Alibaba aims to leverage its foundation models to further improve end-user experiences. This is part of its ongoing effort to turn ...