Alibaba faces accusations of illicitly accessing Anthropic’s Claude AI models, weighing on its U.S.-listed stock.
Alibaba Group (BABA) shares extended losses Thursday after reports accused the company of attempting to illicitly access Anthropic’s Claude AI models. The allegations involve a large-scale effort linked to Alibaba’s Qwen AI lab targeting top capabilities, including software engineering tools.
Alibaba’s U.S.-listed stock had already fallen toward a 52-week low earlier this week, down over 30% year-to-date amid broader legal and consumer spending concerns. The latest accusations add to regulatory and competitive pressures facing Chinese tech firms in global AI markets.
Shares declined further in Thursday trading, reflecting investor concerns over potential legal and reputational risks.