What's Going On With Alibaba Shares

Alibaba Group Holding Ltd - ADR BABA shares are trading higher on reports suggesting the company and Huawei are looking to launch a ChatGPT-like product in April.

What Happened?

Alibaba looks to launch a large-scale model on April 11 during its 2023 Cloud Summit in Beijing with an industry application model on April 18, the Register reports.

Alibaba's research institute, DAMO Academy, is reportedly working to incorporate the large-scale model into its Tmall Genie, a smart speaker home to intelligent personal assistant AliGenie...Read More

According to data from Benzinga Pro, BABA has a 52-week high of $125.84 and a 52-week low of $58.01.