Latest news with #Qwen3
Yahoo
2 hours ago
- Business
- Yahoo
Alibaba Cloud's Rapid Rise: Is AI Setting Up More Upside Ahead?
Alibaba's BABA Cloud Intelligence Group is gaining strong momentum as its core unit, Alibaba Cloud, continues to scale with rising AI adoption, an area that is expected to remain a key driver of accelerated revenue growth. BABA's AI products are seeing broader adoption across a wide range of industry verticals, including Internet, retail, manufacturing and media, with a growing focus on value-added applications. Building on this momentum, Alibaba expects demand to accelerate in the coming quarters. The company highlighted that many businesses are moving away from traditional, in-house infrastructure and shifting AI workloads to the cloud. To meet this shift, the company is increasing investments in AI products and services, to increase cloud adoption for AI and maintain its market leadership. This focus is already showing through in product innovation and global expansion. In April, Alibaba released its Qwen3 model series, an open-source family of AI models built for tasks like coding and general reasoning. Globally, Alibaba Cloud is expanding its footprint with a second data center set to launch in South Korea by the end of June. New partnerships with SAP and Panasonic further integrate Alibaba's AI tools into enterprise operations and connected home ecosystems. In the fourth quarter of fiscal 2025, Alibaba's Cloud Intelligence Group generated RMB 30.1 billion ($4.15 billion) in revenues, up 18% year over year, contributing around 12.7% of total revenues. This was driven by the increasing adoption of AI-related products. With AI-related product revenues growing at triple digits for seven straight quarters, Alibaba Cloud is fast becoming the foundation of the company's AI-driven future. Several players are competing with Alibaba Cloud in AI-powered cloud services, with Amazon AMZN and Microsoft MSFT expanding rapidly. Amazon recently added Claude 4 to Amazon Bedrock, strengthening its generative AI lineup and simplifying enterprise AI development. Bedrock remains a core part of Amazon's AWS' strategy to drive AI adoption. Microsoft is advancing through its Azure AI Essentials program, launched under its AI Center of Excellence. This initiative by Microsoft offers tools and guidance to help businesses scale AI responsibly. BABA shares have gained 34.3% in the year-to-date (YTD) period, outperforming the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector's growth of 4.2% and 2.8%, respectively. Image Source: Zacks Investment Research From a valuation standpoint, BABA stock is currently trading at a forward 12-month Price/Earnings ratio of 10.37X compared with the industry's 24.39X. BABA has a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for first-quarter fiscal 2026 earnings is pegged at $2.48 per share, which has remained steady over the past 30 days, indicating 9.73% year-over-year growth. Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote The consensus mark for fiscal 2026 earnings is pegged at $10.62 per share, which has remained steady over the past 30 days. The estimate indicates 17.87% year-over-year currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
3 days ago
- Business
- Yahoo
Alibaba and Apple team up on local AI models for China
Alibaba's (NYSE:BABA) AI arm just optimized its open-source Qwen3 models for Apple's (NASDAQ:AAPL) MLX framework, a move that likely paves the way for Apple Intelligence to launch in mainland China. On Monday, Alibaba's Qwen team announced on X that Qwen3 is now available in MLX format with four quantization options4-bit, 6-bit, 8-bit and BF16so the models can run locally on iPhones, iPads and Macs. Warning! GuruFocus has detected 3 Warning Signs with BABA. Released on Hugging Face yesterday, the update aligns with reports in the South China Morning Post that Apple needs a home-grown partner to meet Beijing's tight AI regulations before rolling out its Apple Intelligence suitefeatures like Genmoji and Writing Tools that elsewhere rely on OpenAI's GPT. Because any AI models bundled into Apple Intelligence require Chinese regulatory approval, Apple struck a deal with Alibaba to host and vet those models on Chinese soil. China is Apple's single largest market outside the U.S., and localizing intelligence features could boost iPhone, iPad and Mac sales thereespecially as the trade war and data-sovereignty rules complicate direct deployments of Western AI services. Alibaba's update is a clear signal that Apple and its Chinese partner are lining up to meet both user demand and regulatory hurdles. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Business
- Yahoo
Alibaba and Apple team up on local AI models for China
Alibaba's (NYSE:BABA) AI arm just optimized its open-source Qwen3 models for Apple's (NASDAQ:AAPL) MLX framework, a move that likely paves the way for Apple Intelligence to launch in mainland China. On Monday, Alibaba's Qwen team announced on X that Qwen3 is now available in MLX format with four quantization options4-bit, 6-bit, 8-bit and BF16so the models can run locally on iPhones, iPads and Macs. Warning! GuruFocus has detected 3 Warning Signs with BABA. Released on Hugging Face yesterday, the update aligns with reports in the South China Morning Post that Apple needs a home-grown partner to meet Beijing's tight AI regulations before rolling out its Apple Intelligence suitefeatures like Genmoji and Writing Tools that elsewhere rely on OpenAI's GPT. Because any AI models bundled into Apple Intelligence require Chinese regulatory approval, Apple struck a deal with Alibaba to host and vet those models on Chinese soil. China is Apple's single largest market outside the U.S., and localizing intelligence features could boost iPhone, iPad and Mac sales thereespecially as the trade war and data-sovereignty rules complicate direct deployments of Western AI services. Alibaba's update is a clear signal that Apple and its Chinese partner are lining up to meet both user demand and regulatory hurdles. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Alibaba and Apple team up on local AI models for China
Alibaba's (NYSE:BABA) AI arm just optimized its open-source Qwen3 models for Apple's (NASDAQ:AAPL) MLX framework, a move that likely paves the way for Apple Intelligence to launch in mainland China. On Monday, Alibaba's Qwen team announced on X that Qwen3 is now available in MLX format with four quantization options4-bit, 6-bit, 8-bit and BF16so the models can run locally on iPhones, iPads and Macs. Warning! GuruFocus has detected 3 Warning Signs with BABA. Released on Hugging Face yesterday, the update aligns with reports in the South China Morning Post that Apple needs a home-grown partner to meet Beijing's tight AI regulations before rolling out its Apple Intelligence suitefeatures like Genmoji and Writing Tools that elsewhere rely on OpenAI's GPT. Because any AI models bundled into Apple Intelligence require Chinese regulatory approval, Apple struck a deal with Alibaba to host and vet those models on Chinese soil. China is Apple's single largest market outside the U.S., and localizing intelligence features could boost iPhone, iPad and Mac sales thereespecially as the trade war and data-sovereignty rules complicate direct deployments of Western AI services. Alibaba's update is a clear signal that Apple and its Chinese partner are lining up to meet both user demand and regulatory hurdles. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
3 days ago
- Business
- South China Morning Post
Alibaba updates open-source Qwen3 models to support AI deployment on Apple devices
Advertisement In a Monday post on social media platform X , the Qwen team of Alibaba's cloud computing unit said it launched open-source Qwen3 models optimised for Apple's MLX framework for machine learning. Alibaba owns the South China Morning Post. The MLX framework is intended to be user-friendly, but still efficient in training and deploying AI models on Apple's silicon hardware. It has seen growing adoption among developers within the Apple ecosystem. Open source gives public access to a software program's source code, allowing third-party developers to modify or share its design, fix broken links or scale up its capabilities. This latest development appears to reflect Apple's efforts to expand the availability of its Apple Intelligence suite to mainland China. Under Chinese rules, any models that are part of Apple Intelligence would need regulatory approval for public release in the country. Advertisement
