Considering an initial public offering (IPO) as soon as October 2026

Reportedly considering an initial public offering as early as October 2026 and has held early discussions with banks.

Projected to surpass OpenAI in annual recurring revenue by mid-2026

Projected to surpass OpenAI in annual recurring revenue by mid-2026

Senior engineer Alex Albert hints at a major internal project codenamed 'Glasswing', described as a historic turning point for the AI industry.

Launched Claude Cowork coding assistant into general availability

Launched unified coding subscription plan offering four AI models for $3

Qwen family captured over 50% of global open-source AI model downloads, reaching nearly 1 billion cumulative downloads on Hugging Face.

Released Qwen 3.5 flagship model series, positioned as on par with leading US proprietary models.

Released Qwen 2.5, marking the beginning of a decisive shift away from popular US models like Llama.