Alibaba unveils over 100 open-source AI models, including text-to-video tool [Seeking Alpha]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Seeking Alpha
The Chinese tech giant also unveiled a new text-to-video tool based on its AI models. The open-source models are based on the company's large language model, or LLM, Qwen 2.5, and are designed for use in areas including, automobiles, gaming and science research. The LLMs also have more advanced capabilities in math and coding, according to a report from CNBC. China's cloud services market has seen a price war with players such as Baidu ( BIDU ) Alibaba, ByteDance ( BDNCE ), Tencent ( OTCPK:TCEHY OTCPK:TCTZF ) and iFlytek cutting prices of their large language models, or LLMs, which power AI chatbots. "In the past year, the price of Tongyi large model API on Alibaba Cloud's ModelScope has dropped by 97%. The lowest cost for deploying a million Tokens is now just RMB 0.50. The cost of inference is a critical factor for application proliferation, and Alibaba Cloud will continue to further reduce user costs," said Eddie Wu, Chairman and CEO of Alibaba Cloud Intelligence, in his key
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