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Chinese Internet Behemoth Alibaba Introduces an Enhanced AI Model to Take on Amazon and Microsoft

Tuesday saw the release of the most recent iteration of Alibaba’s artificial intelligence model, as the Chinese tech behemoth attempts to take on Microsoft and Amazon in the US tech market.

Tongyi Qianwen 2.0, the newest large language model (LLM) from China’s largest cloud computing and e-commerce company, was unveiled. The foundation of generative AI apps like ChatGPT, created by American company OpenAI, is an LLM that has been trained on enormous volumes of data.
Tongyi Qianwen 2.0 was unveiled in April, and according to Alibaba, it is a “significant upgrade from its predecessor.”

According to an announcement from Alibaba, Tongyi Qianwen 2.0 “demonstrates exceptional ability in understanding complex instructions, copywriting, thinking, memorising, and preventing hallucinations.” AI that displays false information is referred to as hallucinating.

As it moves closer to enterprises, Alibaba also launched AI models made for applications in particular fields and fields of use, like finance and legal consulting.

Additionally, the Hangzhou-based business unveiled the GenAI Service Platform, which enables businesses to create their own generative AI apps by utilising their own data. Businesses are concerned that third parties may obtain their data when using publicly available generative AI technologies like ChatGPT.

Source (CNBC)

SourceCNBC
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