China’s Alibaba takes on tech giants Google, Microsoft with new, improved AI model

financialexpress.com:

Chinese tech giant Alibaba has launched a new AI model called Tongyi Qianwen 2.0. The company claims it to be more powerful and versatile than the similar AI models created by US tech giants like Meta, Amazon and Microsoft. The Tongyi Qianwen 2.0 along with new industry-specific models was announced by Alibaba at its annual flagship tech event Apsara Conference.

“Currently, 80% of China’s technology companies and half of large model companies run on Alibaba Cloud. We aim to be the most open cloud in the era of AI. We hope that through this cloud, it will become easier and affordable for everyone to develop and use AI, so we can help, especially small and medium-sized enterprises, to turn AI into huge productivity,” said Joe Tsai, Chairman of Alibaba Group at the event.

Also Read | Microsoft turns on AI Copilot for users with latest Windows 11 update: Know what it means, how to use

Tongyi Qianwen 2.0 is a more advanced version of a large language model with a lot of parameters. It’s better than the previous version which was launched in April, and it performs really well in various tasks like understanding language, solving math problems, and answering questions, claims the company.

This new version has a bigger model and some improved techniques, which make it great at understanding complicated instructions, writing content, thinking logically, remembering information, and avoiding making things up. The company informed us that now anyone can use it on their website or mobile apps, and developers can access it through APIs.

Tongyi Qianwen 2.0 is trained on both Chinese and English text, which gives it a unique advantage in global markets. The company claims Tongyi Qianwen 2.0 to be more efficient and cost-effective to