Alibaba Boosts AI Capabilities with Tongyi Qianwen 2.0 to Compete Against Global Tech Giants

Tongyi Qianwen 2.0 comes with industry-specific versions and improved capabilities in understanding complex instructions, making Alibaba a key player in the global, rapidly expanding AI market amidst fierce competition from tech giants like Microsoft and Amazon.

• With the launch of Tongyi Qianwen 2.0, Alibaba strengthens its AI capabilities to contend with global tech giants like Microsoft and Amazon. The upgrade came six months after the AI model's initial release.
• Tongyi Qianwen 2.0 is a substantial upgrade from its predecessor, showcasing advanced capabilities in understanding complex instructions, copywriting, reasoning, memorizing, and preventing AI hallucinations.
• Furthermore, eight industry-specific versions of the AI model have been developed for application in various sectors, including entertainment, finance, healthcare, and legal.
• A significant portion of China's tech companies and AI language firms, specifically 80% and 50% respectively, run on Alibaba Cloud, affirming Alibaba's leading role in the domestic market.
• Alibaba also introduced the GenAI Service Platform to facilitate companies in building their own generative AI applications, thereby addressing concerns about data security.
• As part of the company's commitment to support the broader AI community, Alibaba plans on contributing more to open-source resources such as ModelScope. The company's cloud start-up catalyst programme offers resources and support to promising global start-ups.

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