Chinese giant tech company Alibaba has recently rolled out the latest version of its Artificial Intelligence (AI) model Tongyi Qianwen, to compete with other tech rivals.
The launch of Tongyi Qianwen 2.0, its latest Large Language Model (LLM) is coming as the tech giant seeks to dominate the Chinese rapidly evolving AI market.
Alibaba describes the Tongyi Qianwen 2.0 as a “substantial upgrade from its predecessor”, which was launched in April this year.
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Tongyi Qianwen, which possesses Chinese and English language capabilities, was initially deployed on DingTalk, Alibaba’s workplace communication software, and Tmall Genie, a provider of smart home appliances.
The newly upgraded AI model will be integrated across Alibaba’s various businesses to improve user experience in the near future. The company’s customers and developers will have access to the model to create customized AI features in a cost-effective way.
Also, the chatbot will be fine-tuned with proprietary information and data from clients, reducing resources and costs for these companies.
Currently, the upgraded chatbot demonstrates remarkable capabilities in understanding complex instructions, reasoning, memorizing, copywriting, and prevention of hallucinations.
Alibaba also released AI models designed for applications in specific industries and uses, such as legal counseling and finance — as it angles in on businesses.
With hundreds of billions of parameters, metrics used to gauge AI model strength, Alibaba’s cloud computing arm announced that the upgraded Tongyi Qianwen 2.0 now ranks among the most powerful AI models globally.
It also disclosed that it has launched eight AI models for the finance, healthcare, entertainment, and legal industries. The upgrade of Tongyi Qianwen is coming just six months after the model’s initial release, signifying the pace at which tech companies are racing to take control of China’s nascent and rapidly increasing AI market.
With Tongyi Qianwen 2.0, Alibaba aims to facilitate businesses from all industries with their intelligence transformation, and ultimately help boost their business productivity, and expand their expertise and capabilities while unlocking more exciting opportunities through innovations.
It is worth noting that the world is currently at a technological watershed moment driven by generative AI, and businesses across all sectors have begun to embrace intelligence transformation to stay ahead.
In China, tech giants such as Baidu, Tencent, and Alibaba, amongst others, are banking on artificial intelligence to bolster their businesses, touting new features for their existing services as well as novel generative AI tools, as Beijing looks to rival the U.S. on tech paradigm shift.
The tech giants’ ambitions on AI reflect an escalating global arms race that is now underway as countries seek to gain leadership over the most sought-after technology.