Alibaba Cuts Dozens From Metaverse Unit
Alibaba’s metaverse division, Yuanjing, has laid off staff amidst restructuring, though it will continue offering metaverse-related services. According to recent reports, the Chinese e-commerce giant Alibaba is gradually decreasing its operations in the metaverse, following in the footsteps of other tech titans that have lowered their resources in the once-exciting industry. Alibaba’s owned South China […]
Ant Group’s Bailing AI Model Gets Green Light from China
Ant Group, the fintech arm of Alibaba, has received approval from the Chinese government to launch products based on its Bailing AI model, a large language model that can generate natural language and images. Ant Group, the fintech affiliate of Alibaba, has announced that it has received approval from the Chinese government to launch products […]
Alibaba Releases Two Open-sourced AI Models
Chinese IT and e-commerce behemoth Alibaba has unveiled two open-sourced AI models, Qwen-7B and Qwen-7B-Chat. According to a press release, the Chinese tech and e-commerce behemoth Alibaba Group announced the availability of two open-sourced artificial intelligence (AI) models on August 3. Qwen-7B and Qwen-7B-Chat are the names of its two large language models (LLMs), each […]
Alibaba Reportedly Integrates Meta’s AI Model Llama
Alibaba’s cloud computing service has reportedly tapped into Meta’s open-source artificial intelligence model Llama for new software development at no cost. Reuters initial report cited an official statement from Alibaba Cloud via WeChat, the cloud computing arm of the Chinese conglomerate has deployed a Llama 2-based solution that enables businesses to develop AI-based software and […]
Crypto Enthusiast Joseph Tsai to Chair Alibaba
Joseph Tsai, the co-founder and executive vice chairman of Alibaba, will become the new chairman of the Chinese e-commerce giant in September. Tsai is known for his interest and investment in crypto, which could signal a positive outlook for the industry in China. About Joseph Tsai Joseph Tsai is one of the co-founders of Alibaba, […]