A major social media company is delving into for-profit AI, utilizing third-party models like Alibaba’s for system training. Alibaba Group stock surged almost 2% following the news, outperforming the S&P 500 index. Meta Platforms is reportedly developing a proprietary AI model, codenamed Avocado, set to launch next spring. The group TBD is using third-party AI models like Alibaba’s Qwen to assist in training. This move enhances Alibaba’s reputation in the AI space.

Read more at Nasdaq: Why Alibaba Stock Inched Higher Today