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Alibaba's trillion-parameter AI monster challenges Western models while crypto bears lose steam

September 5th, 2025

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Read Time: 10 Minutes

Today’s Menu

  • Chinese e-commerce giant unleashes massive language model to challenge AI leaders

  • Crypto markets shake off jobs disappointment as Bitcoin forms bullish pattern

Markets

Price

1 Day Change

Bitcoin

$112,262

1.2% ⬆️

Ethereum

$4,342

1.1% ⬆️

Solana

$214

5.5% ⬆️

TODAY IN AI

Chinese e-commerce giant unleashes massive language model to challenge AI leaders

Alibaba just dropped Qwen3-Max-Preview, a colossal language model packing over 1 trillion parameters that directly challenges Western AI dominance. The model claims superior performance over Claude Opus 4, Kimi K2, and DeepSeek-V3.1 on reasoning and coding tasks, supporting a massive 262K token context window at competitive $0.86 per million token pricing.

This represents China's most aggressive push yet into frontier AI territory, betting that raw scale can overcome Western technological advantages. With availability across Qwen Chat, Alibaba Cloud, and OpenRouter, the model signals China's determination to compete globally rather than just domestically.

The trillion-parameter milestone puts Alibaba in rarified territory alongside the world's most advanced AI systems, proving Chinese companies can match Western capabilities in model size and performance. This development should concern OpenAI, Google, and Anthropic about losing their technological moat.

The aggressive pricing strategy suggests Alibaba plans to compete on cost as well as capability, potentially forcing Western competitors to slash prices or risk losing market share to Chinese alternatives.

TODAY IN CRYPTO

Crypto markets shake off jobs disappointment as Bitcoin forms bullish pattern

Friday's disappointing nonfarm payroll data initially crushed crypto sentiment, but bears quickly lost steam over the weekend. Bitcoin dropped below key $112,000 support but now appears to be forming a bullish inverse head-and-shoulders pattern, often preceding strong rallies, while mining difficulty hit new highs and Saylor hinted at additional purchases.

Altcoins are leading the recovery with Ethena's ENA, Worldcoin, Hyperliquid, and Dogecoin posting impressive gains. However, on-chain indicators paint a complex picture: illiquid supply has surged to record highs showing holder conviction, yet whales are offloading coins at the fastest pace since 2022.

The Ethereum ecosystem sparked heated debate after revenue hit just $39.2 million in August, prompting "Ethereum is dying" claims. Messari's Tom Dunleavy pushed back hard, noting that focusing solely on revenue misses Ethereum's thriving TVL, active addresses, and stablecoin activity while contradicting the network's low-friction goals.

With major job revisions potentially removing 500,000 to 1 million positions from earlier data and France's government facing collapse, macro uncertainty persists despite crypto's weekend resilience.

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