HomeBusinessAlibaba's new AI model claims to beat OpenAI's GPT-4 in language skills

Alibaba’s new AI model claims to beat OpenAI’s GPT-4 in language skills

Alibaba’s new AI model claims to beat OpenAI’s GPT-4 in language skills

On Thursday, Alibaba Group Holding Limited (NYSE:BABA) Alibaba Cloud has announced the release of the latest version of its major language model, which has seen more than 90,000 enterprise deployments.

Jingren Zhou, the chief technology officer of Alibaba Cloud, expressed his excitement about working with customers and developers to take advantage of the substantial growth opportunities presented by the latest boom in generative AI development, CNBC reports.

Also read: Alibaba and Lenovo team up for AI PCs, setting new standards in technology

Alibaba Cloud introduced the new version of its Tongyi Qianwen model, Qwen2.5, significantly improving reasoning, code understanding and text understanding over its predecessor, Qwen2.0.

According to a March analysis from major language model evaluation platform OpenCompass, the latest Qwen model outperforms OpenAI’s GPT-4 in language creation capabilities, but could be more effective in other areas such as knowledge, reasoning and mathematics.

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Following the global impact of ChatGPT, which launched in November 2022, Alibaba released Tongyi Qianwen in April 2023. An improved version was released in October.

Alibaba Cloud reported that more than 2.2 million business users have used Qwen-powered AI services, including DingTalk, Alibaba’s equivalent of Slack.

The company also launched a series of new Qwen models for the open source community and has upgraded its Model Studio, a generative AI platform, with new AI development tools.

Earlier this year, Alibaba cut prices for cloud services for international customers by as much as 59%, the second significant reduction in recent months, following a price cut of up to 55% in China.

Joe Tsai, co-founder and chairman of Alibaba, had highlighted the impact of US technology restrictions on China’s competitiveness in artificial intelligence development, indicating that China is about two years behind the US.

Alibaba shares are down almost 5% over the past twelve months. Investors can gain exposure to the stock through the Invesco Golden Dragon China ETF (NASDAQ:PGJ) and the ProShares Online Retail ETF (NYSE: ONLN).

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Price promotion: BABA shares were trading 0.41% higher at $78.78 at last check Thursday.

Also read: Alibaba increases AI investments, valuing MiniMax over $2.5 billion in latest funding round

Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.

Alibaba photo via Shutterstock

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