A wave of new artificial intelligence tools emerging from China has ignited a frenzy in the country’s stock market, pushing a technology-focused index to heights not seen in years.
Alibaba Group Holding Ltd. spearheaded the gains on Thursday following the unveiling of its newest open-sourced AI model. As reported by Bloomberg, the platform represents a significant advancement compared to its predecessor, utilizing a considerably smaller dataset than DeepSeek’s R1 model.
The introduction of these AI tools has injected significant momentum into the Chinese stock market, especially within the technology sector. The market’s positive response underscores both the rapid advancements in AI technology in China and the increasing investor confidence in the sector’s future.
The rapid pace of development from companies like Alibaba has positioned China as a key player in the global AI landscape.
