New AI Model Building Platform and a suite of innovative cloud products launched to cater for the surging demand among customers and developers
HANGZHOU, CHINA –
Media OutReach – 31 October 2023 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced the launch of
Tongyi Qianwen 2.0, its latest large language model (LLM), along with new industry-specific models at its annual flagship tech event Apsara Conference. This release signifies another significant progress in Alibaba Cloud’s pursuit of cutting-edge AI innovation and its ongoing commitment to fuel digital transformation in businesses.
In response to the surging demand for powerful infrastructure supporting generative AI development, Alibaba Cloud also unveiled an AI model training platform and a series of innovative cloud products. New initiatives to bolster the open-source AI model community and global AI startups were also unveiled during the Conference. These resources are designed to enable customers, partners, developers, startups, and the wider community to fully harness the potential of generative AI.
“Currently, 80% of China’s technology companies and half of large model companies run on Alibaba Cloud. We aim to be the most open cloud in the era of AI. We hope that through this cloud, it will become easier and affordable for everyone to develop and use AI, so we can help, especially small and medium-sized enterprises, to turn AI into huge productivity,” said
Joe Tsai, Chairman of Alibaba Group.
Tongyi Qianwen 2.0: A Leap Forward in LLMs Tongyi Qianwen 2.0, a generic LLM with a few hundreds of billions of parameters, represents a substantial upgrade from its predecessor launched in April. The model successfully exceeds some leading LLMs in benchmarks across domains ranging from language understanding, arithmetic problem solving, to question-answering.
With an expanded model size and improved alignment technique, Tongyi Qianwen 2.0 demonstrates remarkable capabilities in understanding complex instructions, copywriting, reasoning, memorizing, and preventing hallucinations. The model is now accessible to the public via its
website and mobile applications, and available for developers through APIs.
Industry-specific Models: AI for Enhanced Business Performance In addition, Alibaba Cloud also released
new industry-specific models to help businesses unlock the transformative potential of generative AI across sectors for enhanced business performance. These sectors include customer support, legal counselling, healthcare, finance, documentation management, audio & video management, code development, and character creation.
“Large language models hold immense potential to revolutionize industries. We’re committed to using cutting-edge technologies, including generative AI, to help our customers capture the growth momentum forward,” said
Jingren Zhou, CTO of Alibaba Cloud. “To help businesses better reap the benefits of generative AI in a cost-effective way, we are launching a more powerful foundation model as well as industry-specific models to tackle domain-specific challenges. Through these initiatives, we hope that our proprietary models can deliver real values to our customers to improve operation efficiency and stay competitive.”
GenAI Service Platform: A Comprehensive AI Model Building Platform To cater to the burgeoning demand for generative AI, Alibaba Cloud introduced
GenAI Service Platform, an all-in-one AI model building platform aimed at streamlining the model development and application building process. The platform offers a comprehensive suite of tools for data management, model deployment and valuation, and prompt engineering, making it easier for enterprises of all sectors to develop their enterprise-specific AI models.
Innovative Cloud Products to Drive Generative AI Development To support the increasing computing and data processing needs required in generative AI development, Alibaba Cloud has launched a series of innovative cloud products across machine learning, container and database.
- To improve efficiency of LLM models training and inference, Alibaba Cloud has upgraded its Platform for Artificial Intelligence (PAI), featuring enhanced computing power, network, storage, computing, container, model training and inference capabilities. AI and metaverse technology firm Futureverse has been training its text-to-music generation model on PAI leveraging its high performance and easy-to-scale capabilities to enhance effectiveness and efficiency.
- To expedite the process of building customized generative AI applications, Alibaba Cloud has enhanced its full range of database solutions – including cloud-native database PolarDB, cloud-native data warehouse AnalyticDB, and cloud-native multi-model database Lindorm – with its proprietary vector engine. It has also introduced LLM-powered database ecosystem tools, including the intelligent data analytics assistant Data Management Service (DMS) Data Copilot.
- To enable a more scalable and efficient cloud infrastructure for application development, Alibaba Cloud unveiled Alibaba Cloud Container Compute Service (ACS), a pioneering serverless solution that integrates container services with its cloud computing resources. ACS enables businesses and developers to deploy the resources of Kubernetes, a container-centric management software, in a more cost-effective and user-friendly way.
Community Programs to Foster AI Development In a bid to support the broader AI community, Alibaba Cloud has pledged to contribute more to open-source communities, including ModelScope, the company-initiated AI community with over 100 million model downloads since its inception a year ago. The cloud pioneer plans to
opensource its 72 billion-parameter version of Tongyi Qianwen later this year.
Alibaba Cloud also announced the
Alibaba Cloud Startup Catalyst Program, offering cloud computing resources, including cloud credit support of up to USD $120,000, free online learning memberships, and networking opportunities to promising global startups including AI companies.
Hashtag: #alibabacloud #tongyiqianwen
The issuer is solely responsible for the content of this announcement.
About Alibaba Cloud
Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world’s third leading and Asia Pacific’s leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and golf. The focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
The ASEAN two-wheeler market represents more than 25 per cent of the global market and growing exponentially. What are the business opportunities for Malaysia especially in the context of mobility, ESG and supply chain?
MGBF is hosting a networking session focusing on building a resilient future for critical industries as part of the networking series leading up to ASEAN's Food Security Nexus 2023.
MGBF In The News
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]
The Malaysia Global Business Forum (MGBF) has released a report following the roundtable on ‘Digital Resilience in the Corporate Sector’, which was recently held in Kuala Lumpur. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin. The report recommended several critical development […]