Alibaba is closing its quantum computing lab to focus on emerging technologies like generative AI—this move lays off 30 employees and will be absorbed by Zhejiang University.
Alibaba's Tongyi Qianwen AI model, with 7 billion parameters, challenges ChatGPT and Bard, aiming to empower enterprises and attract diverse users with its upcoming open-source release.
Alibaba noted that enterprises can leverage the capabilities of the open-source LLMs to “code, model weights” while providing extensive documentation for free.
Other changes to Ant Group’s structure include increasing independent directions and forming three sub-committees bordering on risk management, consumer rights, and sustainable development.
The money is flowing into the metaverse, with the emerging sector receiving over $1.5 billion, most of it in the last quarter of the year, according to reports.
WeChat owner Tencent is to invest $70 billion in emerging technologies such as blockchain and cloud computing as it seeks to bounce back from COVID-19 slowdown.
Alibaba has continued with its march into blockchain, filing a patent for a transaction system in Brazil that will target insurance, real estate and finance.
ByteDance, the company that owns social media platform TikTok has partnered with a state-sponsored media firm on a blockchain and artificial intelligence venture.
Lolli had announced the Singles Day partnership with Alibaba, but the retailer says the two companies have never even had direct contact.
Reports indicate not only which companies will receive the currency first, but many details about the currency as well.
Alibaba thinks that the blockchain is the perfect spot for logging domain name registrations and has filed for a patent (in pdf) with the U.S. Patent and Trademark Office.