Alibaba Slides to 16-Month Low After Anthropic’s AI Accusations

Alibaba Group Holding Ltd. shares fell to a 16-month low on the Hong Kong Stock Exchange following accusations from Anthropic PBC. Anthropic alleged that Alibaba illicitly accessed its artificial intelligence model, a claim that has impacted Alibaba's market valuation. The specific details of the alleged access and the timeframe were not immediately disclosed by Anthropic, but the accusation has led to significant investor concern. This development comes at a time when the artificial intelligence sector is experiencing rapid growth and intense competition, making such allegations particularly sensitive. Alibaba has not yet issued a formal statement addressing the accusations made by Anthropic.