Alibaba has launched two new artificial intelligence models, Qwen-VL and Qwen-VL-Chat, which are open source and can understand images and engage in complex conversations, positioning the company in the global AI race.
Alibaba has released two new A.I. models, Qwen-VL and Qwen-VL-Chat, which are vision language models that read images and offer advanced features like translation, math problem-solving, and narrative creation. These models aim to enhance the capabilities of artificial intelligence and have potential applications for visually impaired individuals. Alibaba's move is part of the ongoing competition in the A.I. development industry, particularly between China and the U.S.
Baidu, China's leading AI technology and search leader, has outperformed Alibaba in the stock market since January 2023, indicating confidence in its AI growth prospects and its ability to integrate AI into its products and services. Baidu's diverse verticals and strong search data advantage have helped it maintain its AI leadership and mitigate the impact of weak physical goods spending. The company's investments in generative AI and autonomous ride-hailing further solidify its position in the Chinese economy.
Chinese search engine and AI firm Baidu has made its ChatGPT-equivalent language model, Ernie Bot, fully available to the public, leading to a rise in the company's stock price, as Beijing aims to rival the US in the AI industry. Baidu's move follows recent efforts by China to regulate the generative AI industry, while the US currently has no such regulations.
Generative artificial intelligence, particularly large language models, has the potential to revolutionize various industries and add trillions of dollars of value to the global economy, according to experts, as Chinese companies invest in developing their own AI models and promoting their commercial use.
Alibaba Group Holding plans to make its AI model public, signaling a win from Beijing's tough-on-tech regulatory environment, but its cloud division spinoff is unlikely to offer a pure play on AI technology in the near future.
Intel's AI chips designed for Chinese clients are experiencing high demand as Chinese companies rush to improve their capabilities in ChatGPT-like technology, leading to increased orders from Intel's supplier TSMC and prompting Intel to place more orders; the demand for AI chips in China has surged due to the race by Chinese tech firms to build their own large language models (LLMs), but US export curbs have restricted China's access to advanced chips, creating a black market for smuggled chips.
China's generative artificial intelligence (AI) craze has led to an abundance of language models, but investors warn that a shakeout is imminent due to cost and profit pressures, leading to consolidation and a price war among players.
Alibaba Cloud has introduced several new AI services, including a platform-as-a-service offering called PAI-Lingjun Intelligent Computing Service, which will be available in Singapore and other regions outside of China, to handle tasks such as infrastructure provisioning, model access, and image processing based on generative AI. Alibaba Cloud also unveiled an AI acceleration offering and LLM-Based Conversational Search, a chatbot-as-a-service based on Alibaba's enterprise OpenSearch. Additionally, Alibaba's parent company announced plans to list its logistics operation, Cainiao, on the Hong Kong Stock Exchange to focus on its e-commerce and cloud activities.
China-based tech giant Alibaba has unveiled its generative AI tools, including the Tongyi Qianwen chatbot, to enable businesses to develop their own AI solutions, and has open-sourced many of its models, positioning itself as a major player in the generative AI race.
