Anthropic PBC accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial intelligence model using thousands of fraudulent accounts that undermine the US AI developer’s decision to keep its products out of China.

Alibaba Group Holding Limited (NYSE:BABA) has declined more than 30% year-to-date, but the street expects more than 78.29% upside from the current level.

Western media have reported that AI firm Anthropic has accused China's Alibaba Group of illicitly attempting to extract the US company's AI capabilities.

Anthropic alleges large-scale “distilling” of its AI, which can trigger US scrutiny and chip-access restrictions. This stacks on already-bad fundamentals (profit down >80% YoY in the quarter) and a bearish tape (HSI death cross/head-and-shoulders).

Alibaba shares hit a 16-month low after Anthropic accused the Chinese tech giant of orchestrating large-scale, unauthorized access to its Claude AI models. Discover how alleged adversarial distillation,

The hit landed before the bell. Andrew Ross Sorkin on CNBC walked viewers through a letter Anthropic sent to U.S. lawmakers accusing Alibaba (NYSE:BABA | BABA Price Prediction) of running what the AI lab called “the largest known distillation attack” on its Claude models to date.

Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.

"As a technology company committed to exploration and innovation, Alibaba is ramping up efforts to attract and cultivate AI talent," said Jiang Fang, chief people officer of Alibaba. "We hope to provide outstanding young professionals with broad development space to jointly embrace the immense opportunities in the AI era."

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