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Alibaba Unveils 2.4 T-Parameter Qwen 3.8, Stock Soars

7/20/2026

Summary

Story summary

Alibaba previewed Qwen 3.8 at the World AI Conference in Shanghai.
Qwen 3.8-Max-Preview has 2.4 trillion parameters, a Mixture-of-Experts design, a 1-trillion-parameter multimodal system for text, images and video, and ranks second to Anthropic’s Claude Fable 5.
Developers can access Qwen 3.8 via Alibaba’s Token Plan, Qoder and QoderWork with a 90 % credit discount.
Alibaba’s release of the model’s weights coincided with a stock-price rise that sparked positive reactions in global markets.

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Story summary

Alibaba previewed Qwen 3.8 at the World AI Conference in Shanghai.
Qwen 3.8-Max-Preview has 2.4 trillion parameters, a Mixture-of-Experts design, a 1-trillion-parameter multimodal system for text, images and video, and ranks second to Anthropic’s Claude Fable 5.
Developers can access Qwen 3.8 via Alibaba’s Token Plan, Qoder and QoderWork with a 90 % credit discount.
Alibaba’s release of the model’s weights coincided with a stock-price rise that sparked positive reactions in global markets.