Alibaba Group Holdings and Huawei Technologies showcased their latest products, including an artificial intelligence image generator and an upgraded AI model, at the World Artificial Intelligence Conference in Shanghai.
Alibaba Cloud, a subsidiary of Alibaba, introduced Tongyi Wanxiang, an image generator that will be available in beta form for enterprise customers. This product aims to compete with popular international rivals, DALL-E by OpenAI and Midjourney by Midjourney.
Huawei, on the other hand, presented the third iteration of its Panggu AI model at its annual developer conference in Dongguan. Unlike other AI applications, Huawei’s model focuses on serving industrial purposes such as safety inspections for freight train carriages, AI assistance for local government services, and accurate weather prediction.
These developments come in response to the generative AI boom ignited by OpenAI’s ChatGPT chatbot. McKinsey estimates that generative AI has the potential to add $7.3 trillion to the global economy annually.
Alibaba Cloud also announced the release of ModelScopeGPT, an AI tool for developers alongside the Tongyi Wanxiang image generator. These innovations demonstrate Alibaba’s commitment to advancing AI technology.
Huawei’s unique approach to AI sets it apart from its competitors, emphasizing practical applications rather than content generation.
In summary, both Alibaba and Huawei are actively participating in the global AI race, introducing innovative products that cater to different market needs. These advancements showcase China’s growing prominence in the field of artificial intelligence.
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