Shares climbed roughly 0.7% to $109.42 following allegations of unauthorized model distillation.
Alibaba Group Holding rose approximately 0.7% to $109.42 on Friday. The move came despite claims that operators associated with the firm extracted reasoning data from rival artificial intelligence developer Anthropic.
An investigation by Anthropic linked more than 151 million exchanges between May and July to an unauthorized distillation campaign meant to boost Alibaba's Qwen models. According to Anthropic, activity peaked at nearly three million exchanges per day and used thousands of fraudulent accounts. These claims have not been established by a court or regulator. Reuters reported that Alibaba did not immediately respond to a request for comment.
In its latest financial report, Alibaba posted a 45% increase in AI Cloud and Compute Services revenue to 48.44 billion yuan. That division accounted for roughly 18% of the company's total revenue.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
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