
Chinese tech company Alibaba surprised the Chinese public on Wednesday, the first day of the Lunar New Year, when it released a new version of its Qwen 2.5 artificial intelligence model. Alibaba claims that Qwen 2.5 “surpasses” the highly-acclaimed DeepSeek-V3, according to reports at Reuters.
The timing of release on a holiday-when people are at home with their families- is considered unusal in China and has raised eyebrows, and caused analysts to speculate that either Alibaba feels pressure not to lose ground to DeepSeek, or that it did it to ensure that the release garners maximum attention on the public’s day off.
Alibaba’s cloud unit said in an announcement posted on its official WeChat account, that “Qwen 2.5-Max outperforms … almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B.”
The news comes on the heels of the release of DeepSeek’s AI assistant on January 10, powered by the DeepSeek-V3 model, as well as the Jan. 20 release of its R1 model, which sent the U.S.’s tech hub Silicon Valley reeling and shares of U.S. tech companies, especially Nvidia, tumbling.
The Chinese startup responsible for the latest version of DeepSeek managed to the create the AI model with less resources, lower costs, and ‘rooky’ engineers than ChatGPT, prompting investors to question huge spending plans by leading U.S. AI firms. DeepSeek has also caused an upset in its own domestic market, however, with other Chinese tech firms rushing to release updates to their AI models.
Reuters points out that two days after the release of DeepSeek-R1, TikTok owner ByteDance released an update to its flagship AI model.
ByteDance says it outperforms Microsoft-backed OpenAI’s o1 in tests that measure how well AI models understand and respond to complex instructions.
Source: tovima.com


Latest News

Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.

German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.

Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.

Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.

Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.

FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.

Holy Week Store Hours in Greece
Retail stores across Greece are now operating on extended holiday hours for Holy Week, following their Sunday opening on April 13. The move aims to accommodate consumers ahead of Easter, but merchants remain cautious amid sluggish market activity.

Green Getaway Ideas for Easter 2025 in Greece
Celebrate Easter 2025 in Greece the sustainable way with eco-farms, car-free islands, and family-friendly getaways rooted in nature and tradition.

Civil Protection Minister Details Summer Firefighting Plans at Delphi Forum
At the 10th Delphi Economic Forum, Minister of Climate Crisis and Civil Protection Yiannis Kefalogiannis discussed Greece's plans for the upcoming fire season.

How Shops and Markets Will Operate During Easter Holy Week
The Easter holiday schedule has been in effect since April 10, with retail stores open Palm Sunday, and most supermarkets also operating to meet consumer demand for Easter shopping