Chinese technology corporation Alibaba has stepped up its efforts in cloud computing and artificial intelligence, unveiling the latest version of its AI platform. This innovation promises the company a strong position in the market and the opportunity to compete with leading American players such as Amazon and Microsoft.
As part of the latest technological advancements, Alibaba Vice Chairman Joe Tsai unveiled an updated version of the powerful Tongyi Qianwen 2.0 language model, aimed at improving the performance of chatbots and supporting both English and Chinese languages.
In addition, Alibaba announced the launch of a new platform, GenAI, designed for customers interested in creating personalized applications using generative artificial intelligence technology based on their own data, which will ensure the confidentiality of information.
At his own Apsara technology conference in Hangzhou, Joe Tsai announced Alibaba’s intention to become the “most open cloud provider” in the era of artificial intelligence, according to the South China Morning Post. He emphasized the importance of cloud solutions for simplifying the development and implementation of AI technologies, noting their potential for stimulating business productivity, especially in the small and medium-sized business segment.
Tsai also noted that Alibaba Cloud currently provides services to most of China’s technology enterprises and a significant portion of the country’s AI language model developers. But outside of China, the company faces intense competition from services such as Microsoft’s Azure OpenAI Studio and Amazon Web Service with its Bedrock product.
The latest profitability reports from these tech giants highlight the success achieved through the adoption of AI in cloud services, highlighting the rapid growth and innovative trends in the industry.