Alibaba Cloud, which is Alibaba Group’s digital technology and intelligence arm, has announced the launch of its latest large language model, Tongyi Qianwen. The company intends to incorporate this new AI model into its various businesses to enhance the user experience. Additionally, Alibaba Cloud plans to provide its clients and developers with access to the model, enabling them to create customised AI features in a cost-effective way.
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Furthermore, the company has announced the introduction of new Elastic Compute Service (ECS) and Object Storage Service (OSS) options at lower costs. The new ECS instances, OSS Reserved Capacity (OSS-RC) and OSS Anywhere Reserved Capacity (OSS-ARC) aim to make computing more affordable and accessible for businesses seeking to leverage emerging opportunities in the new AI era.
Alibaba Group’s Chairman and CEO, Daniel Zhang, expressed that businesses are embracing intelligence transformation in response to the unprecedented technological watershed moment underpinned by generative AI and cloud computing. He added that Alibaba Cloud, as one of the leading cloud computing service providers, is committed to making computing and AI services more inclusive and accessible to businesses and developers. The goal is to help them uncover more insights, explore new business models for expansion and create more cutting-edge products and services for society.