Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Alibaba rolls out open-sourced AI model to take on Meta's Llama 2

Published 08/03/2023, 03:28 AM
Updated 08/03/2023, 05:14 AM
© Reuters. FILE PHOTO: 3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
META
-
BABA
-

By Josh Ye

HONG KONG (Reuters) - Chinese tech giant Alibaba (NYSE:BABA) Group's cloud computing unit released two open-sourced artificial intelligence (AI) models on Thursday in a bid to take on Meta Platform.

The Hangzhou-based company said it has open-sourced two large language models (LLM), a type of AI model, named Qwen-7B and Qwen-7B-Chat on Thursday in a press release.

Each model has 7 billion parameters, which is often used to measure the strength. This marks the first time a big Chinese tech company has open-sourced its LLM.

It also comes after Meta unveiled a similar open-sourced model named Llama 2 last month, a move that has garnered widespread interest. Some analysts said that open-sourced models can chip away the current market dominance enjoyed by OpenAI, the developer of ChatGPT, and Google (NASDAQ:GOOGL) whose AI models charge users expensive fees.

Alibaba Cloud announced its LLM named Tongyi Qianwen in April which comes with multiple versions featuring different numbers of parameters. Alibaba said Qwen-7B and Qwen-7B-Chat are two small-size versions of the Tongyi Qiawen which aim at helping small and medium businesses to start using AI.

The two models' "code, model weights, and documentation will be freely accessible to academics, researchers and commercial institutions worldwide," the company said.

However, for companies with more than 100 million monthly active users, they will need to seek a licence from Alibaba before using the two models. Similarly, Meta's Llama 2 also requires a licence from users with more than 700 million users.

Alibaba said Tongyi Qianwen has versions with higher number of parameters which have not been open-sourced, but it did not say how many parameters its biggest model contains.

The biggest version of Meta's Llama 2 features 70 billion parameters.

© Reuters. FILE PHOTO: 3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

China has been trying to catch up to the U.S. in the field of AI as Beijing encourages Chinese companies to quickly develop homegrown and "controllable" AI models that can rival those developed by U.S. companies.

Other than Alibaba, tech giants such as Tencent Holdings (OTC:TCEHY) and Huawei have been aggressively developing their own AI models in recent months.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.