Chinese tech giant Alibaba launches upgraded AI product to obstacle Microsoft, Amazon

Chinese tech giant Alibaba launches upgraded AI product to obstacle Microsoft, Amazon


An Alibaba Group indicator is found at the Environment Artificial Intelligence Meeting in Shanghai, July 6, 2023.

Aly Track | Reuters

Alibaba on Tuesday released the hottest version of its artificial intelligence model, as the Chinese technological know-how large seems to be to compete with U.S. tech rivals this kind of as Amazon and Microsoft.

China’s major cloud computing and e-commerce participant introduced Tongyi Qianwen 2., its latest substantial language product (LLM). A LLM is properly trained on wide quantities of details and types the foundation for generative AI programs these as ChatGPT, which is formulated by U.S. agency OpenAI.

Alibaba referred to as Tongyi Qianwen 2. a “considerable update from its predecessor,” which was launched in April.

Tongyi Qianwen 2. “demonstrates remarkable capabilities in understanding advanced recommendations, copywriting, reasoning, memorizing, and avoiding hallucinations,” Alibaba stated in a push launch. Hallucinations refer to AI that offers incorrect details.

Alibaba also released AI models intended for purposes in specific industries and works by using — such as legal counselling and finance — as it angles in on firms.

The Hangzhou-headquartered organization also declared the GenAI Services System, which lets corporations make their own generative AI programs, employing their have facts. A single of the fears that enterprises have about public generative AI products and solutions like ChatGPT is that facts could be accessed by 3rd parties.

Alibaba and other important cloud players are giving equipment for companies to create their very own generative AI merchandise making use of their possess information, which would shielded by these suppliers as aspect of the assistance offer.

Microsoft’s Azure OpenAI Studio and Amazon Web Service’s Bedrock are two rival expert services.

Whilst Alibaba is the greatest cloud participant by sector share in China, the company is making an attempt to catch up with the likes of Amazon and Microsoft overseas.



Resource

India bets on up to 7.2% growth next year, outpacing most major economies
World

India bets on up to 7.2% growth next year, outpacing most major economies

Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India has forecasted its economy to grow between 6.8% to 7.2% in the fiscal year 2027, outpacing most major economies. The world’s fourth-largest economy is targeting this growth on the back of a […]

Read More
Drugmakers Roche and Sanofi talk up their pipelines, as earnings fail to excite
World

Drugmakers Roche and Sanofi talk up their pipelines, as earnings fail to excite

Drugmakers Roche and Sanofi’s latest earnings were largely as expected, with the companies talking up the potential of experimental medicines ahead of a looming “patent cliff” for Big Pharma. Both companies’ stocks were down less than 1% on Thursday after reporting earnings before the bell. They are both among the pharmaceutical companies that could see […]

Read More
World’s largest sovereign wealth fund posts record .4 billion annual return, driven by tech and banking rally
World

World’s largest sovereign wealth fund posts record $1.4 billion annual return, driven by tech and banking rally

A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund posted a record $1.4 billion return in 2025, its management team said Thursday, thanks to rallying tech, financial and mining stocks. By […]

Read More