Alibaba launches AI service platform to compete with Microsoft and Amazon.

The latest version, called Tongyi Qianwen 2.0, is considered by Alibaba to be a "significant upgrade over its predecessor" and was introduced in April 2023.

Tongyi Qianwen 2.0 “demonstrates superior ability in understanding complex instructions, can write advertisements, reason, memorize, and prevent hallucinations,” according to a press release from the Chinese tech and e-commerce giant. Hallucinations in AI refer to the phenomenon where the system “invents” inaccurate information.

107267423 16886483572023 07 06t125254z 966888689 rc2fx1a86aej rtrmadp 0 china tech ai.jpeg — Alibaba is the largest cloud computing company by market share in China, and it is trying to catch up with Amazon and Microsoft overseas.

Alibaba also releases AI models designed for applications in specific industries and use cases, such as legal and financial consulting, as the company targets its corporate client base.

The Hangzhou-based company also announced the GenAI “Service Platform,” which allows companies to build generative AI applications using their own data sources. This is seen as a solution to concerns that data from publicly created AI products could be accessed by third parties.

Version 1.0 of Tongyi Qianwen, launched in April 2023, supports both Chinese and English languages and is deployed on DingTalk, Alibaba's enterprise communication software, and Tmall Genie.

At the Alibaba Cloud Summit 2023, the company announced that it would deploy AI-powered chatbots across all of Alibaba's products, from corporate communications to e-commerce, in the "near future."

“We are at a turning point in technology driven by AI and aggregate cloud computing, and businesses across all sectors have begun adopting intelligent transformation to lead the game,” said Daniel Zhang, Chairman and CEO of Alibaba Group and CEO of Alibaba Cloud.

(According to CNBC)