Alibaba Officially Releases Next-Generation Foundation Model Qwen3.8 with 2.4 Trillion Total Parameters

According to 36Kr, on August 3, Alibaba officially released its next-generation foundation model Qwen3.8, with a total of 2.4 trillion parameters, showing major improvements in coding and professional office (Cowork) capabilities. In the third-party Arena leaderboard released today, Alibaba's Qwen model ranks second only to Anthropic's Claude series. Currently, the Qwen3.8 API has been launched on the Qianwen AI platform and integrated into Alibaba's Agent product 'Qianwen Office' launched the same day. Qwen3.8-Max is expected to be open-sourced next week, along with Qwen3.8-27B. Additionally, it is reported that South Korean financial regulators are pushing to introduce an 'emergency action authority' allowing regulators to quickly reduce the leverage ratio of single-stock leveraged products in emergency situations. Currently, single-stock leveraged products in South Korea are designed to track 2x returns. Through the emergency action authorization, if deemed necessary to protect investors, the leverage ratio could be lowered to 1.5x or 1x.