Alibaba on Monday released Qwen3.8-Max, calling it the largest and most capable model in its Qwen AI series so far, and investors responded immediately: the stock rose 4.5% in premarket trading in New York and 7% in Hong Kong following the announcement.The company says the model can go toe-to-toe with America's best. Alibaba shared benchmark results showing Qwen3.8-Max delivering comparable — and occasionally better — scores than Anthropic's Claude Fable 5, the model widely regarded as the current frontier. According to the company, the model outperformed leading U.S. systems on several coding, multimodal and engineering benchmarks while trailing on some...