Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of “illicitly” accessing its artificial intelligence model.

Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of “illicitly” accessing its artificial intelligence model.

Anthropic PBC accused Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial intelligence model using thousands of fraudulent accounts. Bloomberg's Maggie Eastland has the latest. (Source: Bloomberg)