Alibaba Group

And so I'll just leave it here.

I have Alibaba.

Alibaba has a 35% stake in Moonshot AI, which has basically one of the better models out there.

It's an open source model.

Alibaba has one of the highest downloaded AI model, their QEN model, globally.

And it's open source.

I think they're, you know, like everything in China, they can produce something at a lower cost, which has put pressure on token costs in the US.

But it's always what the market's going to pay.

Su primer LLM de pesos abiertos está previsto para este mes.

Amber, ¿qué está lanzando Alibaba?

El equipo Qwen de Alibaba publicó como open source Qwen Image dos punto uno el domingo, un modelo de siete mil millones de parámetros para generación y edición unificada de imágenes que corre en GPUs de consumo.

Esto llega después de la controversia de licencias de la semana pasada en torno a Huan Video y parece señalar un compromiso más claro con los pesos abiertos esta vez.

Por separado, MiniMax publicó como open source su agente de terminal de código Code el mismo día, sumando otra entrada de uso de herramientas a la creciente lista de lanzamientos de agentes open source de este mes.

We have some new models that allow robots to learn from human demonstrations on the fly without any retraining.

Alibaba releases a ton of really cool Quen models, including an Omnimodel plus a real-time translator and voice cloner.

We have a ton of new open-source models and a lot more, so let's jump right in.

right in.

A very nice release from Google.

If you're interested in reading further, I'll link to this main page in the description below.

Also this week, Alibaba releases Qen 3.8 Omni Flash.

This is basically a multimodal model that not only takes in text prompts, but you can also feed it audio, images, and video for it to understand.

I just use the free one.

I use DeepSeek occasionally, and I have a local model that I run, the Alibaba model I run on my Mac.

So I play around with them.

They all have different personalities and different strengths and weaknesses.

You know, it's interesting, Andrew, because that's what your job is, right? Your job is to sit there and dig through all of these things to try to find those names that are not necessarily, again, I'm only using it because we here in the US and even internationally, ex-China and ex-Hong Kong, we tend to think of the brand names that go into Chinese investing.

When you look at the big ADRs that trade here or the big ETFs that hold holdings that are based in Hong Kong, We're talking about names like Alibaba, Tencent, Baidu, the ones that have become more synonymous with the Chinese tech trade over the years.

But it's very different these days.

Specifically, I would say just in the last year, maybe even six to nine months, Because many of the names that we are talking about that are not brand name yet, but are getting a lot more attention are Chinese AI names that are not those ones that I mentioned before.

I mean, I think that's really the point of an ETF is to do something for you that you can't or really don't want to do on your own.

And, you know, when you invest in K-Web, we're going out and converting your U.S. dollars into Hong Kong dollars and buying these underlying stocks on the Hong Kong Stock Exchange.

Yes, you're getting exposure to the big companies like an Alibaba and a Tencent that have ADRs here.

At the same time, the liquidity in Hong Kong is much, much deeper than here in the U.S. And also, we are giving you exposure to some of the AI large language models, companies like ZAI and Minimax that went public earlier this year, that you're getting a little bit of Lenovo, which is kind of benefiting from the picks and shovels trade that's really benefited the Korea and Taiwan and Japan as well.

So and then not only getting access to that data kind of illegally, so to speak, and not for its intended purpose.

but then offering to sell that data on a Chinese website owned by the Alibaba group, which I know is a phrase a lot of people would have heard about, but up there for sale.

Now that data was de-identified or pseudonymized.

So it wasn't names and addresses, obviously, but still just shows you how you can have that insider risk.

And one small item with a large shape.

A US government website was using Alibaba's Quen model to run regulation searches.

While the FBI is accusing Alibaba of having maliciously copied Anthropix technology, the tool came down on Wednesday.

Freya, the weekend.

Moscow's mayor called it the largest ever attack on the Russian capital.

Edo, te escuchamos.

El equipo Qwen de Alibaba también acaba de lanzar Qwen 3.8 OmniFlash, un modelo omnimodal nativo que procesa texto, imágenes, audio y video de forma conjunta, con una ventana de contexto de un millón de tokens.

Supera al anterior modelo insignia de Qwen en más de veintiséis por ciento en aproximadamente treinta benchmarks y reduce el uso de tokens en tareas de video agéntico en casi la mitad.

Y en el frente del hardware, Xpeng puso en marcha lo que llama la primera línea de producción automatizada para robots humanoides avanzados.