Wu Yongming

Alibaba CEO eyes greater AI research and development, as firm open sources 100 new LLMs

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Alibaba CEO eyes greater AI research and development, as firm open sources 100 new LLMs

Alibaba Cloud, the digital technology backbone of the e-commerce giant, announced the release of more than 100 of its newly launched Qwen 2.5 LLMs to the global open-source community at the opening of the three-day Apsara Conference, its annual flagship event that runs until Saturday. Alibaba owns the South China Morning Post. “Alibaba Cloud is … Read more

AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

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AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such as Taobao and Tmall. Alibaba’s June quarter was a mixed bag. The company reported 4 per cent year-on-year revenue growth to 243.2 billion yuan (US$33.5 … Read more