Two days after the release of DeepSeek-R1, TikTok owner ByteDance released an update to its flagship AI model, which it claimed outperformed Microsoft-backed OpenAI's o1 in AIME, a benchmark test that measures how well AI models understand and respond to complex instructions.

Alibaba (9988.HK) has unveiled its latest artificial intelligence model, Qwen 2.5, in a strategic move to reinforce its standing in China’s AI race. Released on the first day of the Lunar New Year, a time when most of China is on holiday,

Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.