Alibaba has launched the latest version of its artificial intelligence model, Tongyi Qianwen 2.0.
The Chinese tech giant announced in a press release on Tuesday, its latest large language model (LLM), Tongyi Qianwen 2.0.
Alibaba called Tongyi Qianwen 2.0 a “substantial upgrade from its predecessor. “
In April this year, Alibaba rolled out its own Large Language Machine (LLM), Tongyi Qianwen, which possesses Chinese and English language capabilities.
Talking about its latest LLM in a press release, Alibaba said Tongyi Qianwen 2.0 has remarkable capabilities.
These are expressed in understanding complex instructions, copywriting, reasoning, memorizing, and preventing hallucinations.
The company also announced the GenAI Service Platform, which lets companies build their own generative AI applications, using their own data.
This platform resolves one of the major fears that businesses have about public generative AI products like ChatGPT. The fear of a third party’s access to data.
Alibaba and other major cloud players are offering tools for companies to build their own generative AI products using their own data.
They would be protected by the providers as part of the service package.
Alibaba also angled in on businesses with the release of AI models designed for applications in specific industries and uses, such as legal counseling and finance .
With its headquarters in Hangzhou, Alibaba remains China’s biggest cloud computing and e-commerce player, however, the company is still playing catch up with the likes of Amazon and Microsoft overseas.
