China's Alibaba releases AI search tool for small businesses in Europe and the Americas
BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.
It's an attempt to leverage ChatGPT-like tech to increase sales. Initial tests showed businesses' purchase intent using the new tool increased by 40% versus traditional search engines, according to Kuo Zhang, president of Alibaba.com and vice president of Alibaba International.
The product is called Accio, after the spell used in the Harry Potter fantasy series for summoning objects. The initial version is web-based and supports English, German, French, Portuguese and Spanish, according to the company.
With a few text or image prompts, businesses can use Accio to find wholesale products — including analysis on their popularity with consumers and projected profit, according to demos viewed by CNBC.
Examples shown included helping a sports entrepreneur to build a line of pickleball products. At the end of the search, the tool lists a number of procurement options for the business to discuss directly with each supplier.
The tech uses generative AI from Alibaba's Tongyi Qianwen large language model, Zhang said, declining to confirm whether the product integrates AI from other companies.
An LLM is an artificial intelligence model trained on large amounts of data. A model supports generative AI applications, such as OpenAI's ChatGPT, which generates human-like responses to user prompts. To be sure, several businesses are still in the experimentation phase with AI and many firms are yet to find a way of monetizing the technology.
Accio uses data from 50 million businesses on Alibaba International's platform, and publicly available industry
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