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Alibaba staffer offers a glimpse into building LLMs in China
TechCrunch
ยท
1y ago
Medial
Chinese tech companies like Alibaba are working hard to narrow the gap with OpenAI in the development of Large Language Models (LLMs). The daily schedule of an Alibaba researcher has been shared, revealing similarities with their counterparts at OpenAI. Both start their day with meetings, followed by coding, model training, and collaboration with colleagues. Even after work, they continue to run experiments and work on enhancing their models late into the night. While the rigorous work regime reflects the drive of Chinese tech talent, there are subtle differences in how they spend their leisure time.
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China lags behind in AI race amid lack of advanced chips, regulations
Economic Times
ยท
1y ago
Medial
China is facing challenges in catching up with the US in the field of artificial intelligence (AI) due to a lack of access to advanced chips and strict regulations. Chinese tech companies have developed their own large language models (LLMs) like Baidu's Ernie Bot and Alibaba Group's Tongyi Qianwen, but they still lag behind US companies. The restrictions on accessing cutting-edge graphics processing units (GPUs) from companies like Nvidia, imposed by US trade sanctions, further hinder China's progress. Additionally, limitations on computing power and the quality of Mandarin-based data compared to English-language data pose setbacks for China in the AI race.
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Alibaba and Baidu slash AI model prices amid cloud computing price war
Livemint
ยท
1y ago
Medial
Alibaba and Baidu, two major Chinese tech companies, have lowered their prices for large-language models (LLMs), intensifying competition in China's cloud computing market. Alibaba's cloud division has cut prices by up to 97% for its Tongyi Qwen LLMs, while Baidu has made its Ernie Speed and Ernie Lite models free for all business users. The price war in the cloud computing sector, driven by the success of AI chatbot services, could impact profit margins for these companies. Bytedance also recently announced significant price reductions for its Doubao LLMs.
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As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout
Economic Times
ยท
1y ago
Medial
China's AI industry is experiencing a boom of product announcements amid the growing demand for generative artificial intelligence. However, investors are cautioning about an impending shakeout as cost pressures and profit challenges arise. China now has 130 large language models (LLMs), accounting for 40% of the global total. Players like Tencent, Baidu, Alibaba, and Huawei are promoting their offerings, while investors anticipate consolidation and a price war as companies vie for market share. Only the strongest players are predicted to survive, with analysts expecting a reduction in capacities and intensification of competition in the next months.
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Alibaba Cloud is slashing prices in China to help fuel AI push
Techradar
ยท
1y ago
Medial
Alibaba has reduced prices for its core cloud products in China, with cuts of up to 55%, as part of its efforts to promote artificial intelligence (AI) and make cloud services more accessible. The move comes amidst rising interest in AI and increased investments in the technology globally. Alibaba Cloud aims to support the Chinese digital market and enable more small and medium-sized enterprises and developers to leverage its services. While Alibaba has a high market share in China, it trails behind Amazon, Microsoft, and Google in global cloud spending.
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For Appleโs AI push, China is a missing piece
Livemint
ยท
1y ago
Medial
Apple is searching for a Chinese partner to offer its Apple Intelligence services, as its current AI models are not available in China. The company has held talks with several Chinese firms, including Alibaba Group and Baidu, but no deal has been announced yet. In China, smartphone makers are incorporating AI functions into their devices at a faster pace than Apple, causing the iPhone brand to fall behind its local competitors. Apple's iCloud service in China is also subject to Chinese government regulations, and the country's rising patriotism could affect the company's standing.
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Jack Ma praised a key rival. A day later, it overtook Alibaba as China's most valuable e-commerce company.
Business Insider
ยท
1y ago
Medial
Chinese e-commerce company PDD, the parent company of Temu, has surpassed Alibaba as the most valuable e-commerce company in China. This happened a day after Jack Ma praised PDD's strategic decisions and called on Alibaba employees to rise to industry challenges. PDD's market cap is now nearly $185 billion, while Alibaba's market cap is around $184 billion. Alibaba has faced challenges in recent years, including criticism of Chinese regulators and a significant drop in its stock value.
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Unstructured, which offers tools to prep enterprise data for LLMs, raises $25M
TechCrunch
ยท
2y ago
Medial
Unstructured.io, a startup founded by Brian Raymond, Matt Robinson, and Crag Wolfe in 2022, aims to ease the adoption of large language models (LLMs) by enterprises and has raised $25M for the same. Many businesses hesitate to use LLMs due to the challenges in accessing first-party and proprietary data behind firewalls. Unstructured.io offers a platform that extracts and stages enterprise data in a format that LLMs can understand, addressing the data processing bottleneck in AI development workflows. They provide various tools to clean and transform data, enabling organizations to leverage unstructured data effectively with LLMs.
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Alibaba Cloud announces price cut on products powered by offshore data centers
Economic Times
ยท
1y ago
Medial
Alibaba Cloud, the cloud service provider of Alibaba Group Holding, has announced a significant reduction in prices for products powered by its offshore data centers. The price cuts, aimed at attracting AI software developers, are as much as 59% and will apply to various products including computing, storage, network, database, and big data. This move signifies Alibaba's ongoing efforts to appeal to developers interested in building data-intensive AI models and applications using its cloud services.
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Factbox-Chinaโs AI firms take spotlight with deals, low-cost models
Livemint
ยท
5m ago
Medial
China's AI industry is gaining attention with advancements in low-cost and efficient models. Prominent players include ByteDance's Duobao, Alibaba's Qwen, Baidu's Ernie, Tencent's Hunyuan, Zhipu AI's GLM, and Moonshot's Kimi. These companies focus on creating cost-effective large language models (LLMs) and open-source frameworks like the "mixture of experts." Alibaba and Tencent, known for supporting open AI development, have formed strategic partnerships to advance AI capabilities, highlighting China's growing influence in the global AI landscape.
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Jack Ma's Alibaba briefly loses China e-commerce crown to rival PDD
Livemint
ยท
1y ago
Medial
Alibaba, the dominant player in China's e-commerce industry, briefly lost its top position to Pinduoduo (PDD), an emerging startup. This shift in stock positions signifies the challenges Alibaba has been facing amidst regulatory crackdown and competition. Co-founder Jack Ma has urged the company to adapt and regain momentum. PDD's rapid growth and innovation have posed a formidable challenge to Alibaba's once-dominant position. Wall Street downgraded Alibaba's stock while acknowledging PDD's strong performance. The industry is witnessing a significant shift in the e-commerce landscape in China.
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