Alibaba, the Chinese tech giant, released a new version of its AI model and made big claims — notably that it outperforms OpenAI's ChatGPT and the newly ascending DeepSeek. "Qwen 2.5-Max outperforms

When Chinese quant hedge fund founder Liang Wenfeng went into AI research, he took 10,000 Nvidia chips and assembled a team of young, ambitious talent. Two years later, DeepSeek exploded on the scene.

At a supposed cost of just $6 million to train, DeepSeek’s new R1 model, released last week, was able to match the performance on several math and reasoning metrics by OpenAI’s o1 model – the outcome of tens of billions of dollars in investment by OpenAI and its patron Microsoft.