Alibaba (BABA) Gains with New AI Model Launch on Apple MLX Framework

Jun 17, 2025

Alibaba (BABA, Financial) saw a pre-market increase of approximately 0.8%, reaching $116.86. The company announced the official release of the Qwen3 series models, deeply optimized for Apple's MLX framework. MLX is an open-source machine learning framework designed for deep integration with Apple chips. It efficiently trains and deploys AI models and is gaining popularity among AI developers.

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