Alibaba Qwen: the most downloaded AI model, but without profitability
Alibaba has made its Qwen model family the most downloaded in the world on Hugging Face, with nearly one million daily downloads. However, the company barely generates $1.3 billion in AI revenue, against a planned investment of $55 billion by 2027. Investors punish the lack of return, and shares fall 37% in Hong Kong.

