Alibaba Group (NYSE:BABA) was up by 4.15% during Thursday’s premarket after announcing the launch of more than 100 new open-source AI models and introduced a text-to-video generation tool. What Happened: The new models, named Qwen 2.5, are designed for various applications, including automotive, gaming, and scientific research. They feature enhanced capabilities in mathematics and coding, Alibaba stated, CNBC reported on Thursday. At the time of writing, Alibaba was trading at $87.92 while it closed at $84.42 on Wednesday, according to Benzinga Pro. These models are open-source, allowing globa…
