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Alibaba Enters The AI Race With Qwen 2.5-Max: “It Beats GPT And DeepSeek”

In a bold move, Alibaba has unveiled the next iteration of its AI model, the Qwen 2.5-Max, which the Chinese tech giant claims surpasses DeepSeek-V3, the breakthrough model from the rapidly rising Chinese AI startup, DeepSeek.

The timing of the Qwen 2.5-Max’s launch, coinciding with the first day of the Lunar New Year holiday, highlights the mounting pressure DeepSeek’s impressive rise has placed on both international and domestic competitors. As most Chinese citizens take time off to celebrate with their families, Alibaba’s announcement signals a competitive response to DeepSeek’s momentum.

According to Alibaba’s cloud division, Qwen 2.5-Max outperforms the latest AI models, including GPT-4, DeepSeek-V3, and Llama-3.1-405B, which are some of the most advanced open-source systems available.

DeepSeek made waves on January 10 with the debut of its AI assistant based on the DeepSeek-V3 model. Shortly after, on January 20, it launched the R1 model, sparking a major reaction in Silicon Valley. The launch sent tech stocks into a downward spiral, with investors questioning the massive spending plans of top US AI firms, given DeepSeek’s much lower development and operating costs.

Adding to the excitement, just two days after DeepSeek’s R1 debut, ByteDance—owner of TikTok—revealed an update to its core AI model. The company claimed it outperformed OpenAI’s GPT in AIME, a complex AI benchmark that evaluates a model’s ability to understand and execute intricate instructions.

This claim mirrors DeepSeek’s assertions that its R1 model is more efficient than OpenAI’s offerings across multiple performance metrics.

Robust Cyprus Construction Activity Bolsters Vassilico Cement’s 2025 Performance

Vassilico Cement Works Public Company Ltd reported a net profit of €35.52 million for 2025, supported by strong construction activity in Cyprus. Company profit reached €34.99 million, reflecting higher revenues and improved operating performance.

Domestic Market Growth Driven By Cyprus Construction

Group revenue rose to €152.75 million, while company revenue reached €152.66 million, up 11% year on year. Growth was driven by increased sales volumes in the domestic market, where construction activity remained strong throughout the year.

Enhanced Production Efficiency And Cost Management

Gross profit increased to €50.30 million at group level and €50.21 million at company level, compared with €42.49 million in 2024. The improvement reflects gains in production efficiency and cost control, supported by higher use of alternative fuels and improved electricity efficiency. These measures reduced unit costs while supporting environmental targets.

Executive Insights And Macroeconomic Outlook

Executive Chairman Antonis Antoniou said strong domestic demand supported production volumes, with the company maintaining focus on the local market and managing exports selectively. He added that favorable economic conditions in Cyprus contributed to performance, despite regulatory pressures in Europe and broader geopolitical uncertainty.

Navigating Energy And Regulatory Challenges

Future performance will be influenced by energy market volatility and European climate policy, including carbon pricing and the Carbon Border Adjustment Mechanism. Rising fuel and electricity costs continue to affect energy-intensive industries.

The company is expanding its renewable energy capacity, with a photovoltaic park reaching 16MW and plans for an additional 8MW, subject to grid connection. The investments aim to improve cost stability and energy efficiency.

Shareholder Returns And Strategic Investments

The board approved an interim dividend of €0.15 per share, totaling €10.79 million, on September 25, 2025. A final dividend of €16.55 million, or €0.23 per share, will be proposed. Combined, total dividends amount to €27.34 million, or €0.38 per share.

Management said the company will continue focusing on efficiency, cost control and sustainability as it navigates energy market pressures and regulatory requirements.

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