Alibaba

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Alibaba launches upgraded AI model, GenAI Service PlatformAlibaba has released Tongyi Qianwen 2.0, an upgraded version of its artificial intelligence (AI) model, to compete with Amazon and Microsoft. The new model has "hundreds of billions of" parameters, making it one of the most powerful AI models in the world. Alibaba claims that Tongyi Qianwen 2.0 has remarkable capabilities in understanding complex instructions, copywriting, reasoning, memorising, and preventing hallucinations.
Alibaba launches two AI models: Here's what they doChinese company Alibaba has launched two new artificial intelligence (AI) models, Qwen-VL and Qwen-VL-Chat, which can carry out complex conversations and understand images. Qwen-VL can respond to open-ended queries related to different images and generate picture captions, while Qwen-VL-Chat can engage in complex interactions, compare multiple image inputs, answer questions, write stories, create images, and solve mathematical equations. The models are developed on Alibaba's large language model called Tongyi Qianwen. South Korean internet giant Naver has also unveiled its generative AI suite of tools, HyperCLOVA X, and CLOVA X chatbot application to improve web search, online shopping, and navigation services.
Alibaba Cloud will use Meta’s Llama 2 to develop productsAlibaba Cloud is set to bring Meta's new AI model, Llama 2 to its products. The company’s cloud computing division said it will allow its customers to develop programs using the model.
China's Alibaba invites businesses to trial AI chatbotTech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts.
Alibaba to split into 6 business units, pursue IPOsChinese tech giant Alibaba on Tuesday said that it is planning to split the company into six business units, and each unit will explore fundraising or IPOs (initial public offerings), media reports said. The six units will include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group, and Digital Media and Entertainment Group, reports CNBC.
US judge narrows shareholder lawsuit against AlibabaA US judge said Alibaba Group Holding Ltd, the Chinese e-commerce giant founded by Jack Ma, must face claims it defrauded shareholders about its alleged monopolistic practices, but dismissed claims over a shelved initial public offering for its Ant Group affiliate. In a 31-page decision on Wednesday, U.S. District Judge George Daniels in Manhattan also dismissed all claims against the billionaire Ma, including for insider trading.
Alibaba takes on OpenAI with Tongyi Wanxiang, its new AI image generatorAlibaba has launched an AI image generator known as Tongyi Wanxiang, which is currently in beta and available only to business customers. The move forms part of Alibaba's efforts to increase its presence in the flourishing AI sector. Available to developers through Alibaba Cloud, the company also launched a ChatGPT-like AI text generator called Tongyi Qianwen in April. Baidu and SenseTime have launched similar devices but have yet to receive regulatory clearance for general release.
Alibaba shares plunge on SoftBank's stake sale reportJapanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in Alibaba Group Holding Ltd, the Financial Times reported, sending the Chinese e-commerce major's stock tumbling.
Fitch says Alibaba's new structure will not impact credit profileFitch Ratings said that it doesn't expect Alibaba Group Holding Limited's new structure to bring about an immediate change in its credit profile.
SoftBank shares jump on Alibaba split-up plansShares in SoftBank Group Corp soared after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring plan.

Alibaba launches upgraded AI model, GenAI Service PlatformAlibaba has released Tongyi Qianwen 2.0, an upgraded version of its artificial intelligence (AI) model, to compete with Amazon and Microsoft. The new model has "hundreds of billions of" parameters, making it one of the most powerful AI models in the world. Alibaba claims that Tongyi Qianwen 2.0 has remarkable capabilities in understanding complex instructions, copywriting, reasoning, memorising, and preventing hallucinations.
Alibaba launches two AI models: Here's what they doChinese company Alibaba has launched two new artificial intelligence (AI) models, Qwen-VL and Qwen-VL-Chat, which can carry out complex conversations and understand images. Qwen-VL can respond to open-ended queries related to different images and generate picture captions, while Qwen-VL-Chat can engage in complex interactions, compare multiple image inputs, answer questions, write stories, create images, and solve mathematical equations. The models are developed on Alibaba's large language model called Tongyi Qianwen. South Korean internet giant Naver has also unveiled its generative AI suite of tools, HyperCLOVA X, and CLOVA X chatbot application to improve web search, online shopping, and navigation services.
Alibaba Cloud will use Meta’s Llama 2 to develop productsAlibaba Cloud is set to bring Meta's new AI model, Llama 2 to its products. The company’s cloud computing division said it will allow its customers to develop programs using the model.
China's Alibaba invites businesses to trial AI chatbotTech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts.
Alibaba to split into 6 business units, pursue IPOsChinese tech giant Alibaba on Tuesday said that it is planning to split the company into six business units, and each unit will explore fundraising or IPOs (initial public offerings), media reports said. The six units will include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group, and Digital Media and Entertainment Group, reports CNBC.
US judge narrows shareholder lawsuit against AlibabaA US judge said Alibaba Group Holding Ltd, the Chinese e-commerce giant founded by Jack Ma, must face claims it defrauded shareholders about its alleged monopolistic practices, but dismissed claims over a shelved initial public offering for its Ant Group affiliate. In a 31-page decision on Wednesday, U.S. District Judge George Daniels in Manhattan also dismissed all claims against the billionaire Ma, including for insider trading.
Alibaba takes on OpenAI with Tongyi Wanxiang, its new AI image generatorAlibaba has launched an AI image generator known as Tongyi Wanxiang, which is currently in beta and available only to business customers. The move forms part of Alibaba's efforts to increase its presence in the flourishing AI sector. Available to developers through Alibaba Cloud, the company also launched a ChatGPT-like AI text generator called Tongyi Qianwen in April. Baidu and SenseTime have launched similar devices but have yet to receive regulatory clearance for general release.
Alibaba shares plunge on SoftBank's stake sale reportJapanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in Alibaba Group Holding Ltd, the Financial Times reported, sending the Chinese e-commerce major's stock tumbling.
Fitch says Alibaba's new structure will not impact credit profileFitch Ratings said that it doesn't expect Alibaba Group Holding Limited's new structure to bring about an immediate change in its credit profile.
SoftBank shares jump on Alibaba split-up plansShares in SoftBank Group Corp soared after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring plan.