Alibaba Group's U.S. shares jumped approximately 4.3% to $113.25 Friday morning after its Qwen AI model briefly powered a Federal Register search tool. The Qwen-powered search option was available Wednesday before disappearing around the time social-media posts drew attention to it. Reuters reported that the FBI recently accused Alibaba of copying technology from Anthropic, an allegation the Chinese embassy in Washington called unfounded. The immediate cybersecurity concern appeared limited because the Federal Register deals with public information, but experts said the bigger question is whether any U.S. government data traveled outside federal systems. At $113.25, Alibaba trades 5.76% below its GF Value estimate of $120.17.
Alibaba Group Holding LtdAlibaba's Qwen AI model briefly powered a U.S. Federal Register search tool, highlighting its AI technology's adoption.
Anthropic is mentioned only as the alleged victim of technology copying by Alibaba, not as a subject of the news.
