Chinese tech firms Alibaba Group Holding and Baidu have rushed to add support for Meta’s Llama 3 large language model (LLM) to their cloud computing platforms, after the technology used to train chatbots like ChatGPT was released last week. E-commerce powerhouse Alibaba’s cloud computing unit has added Meta’s Llama 3 LLM to its open-source artificial …
Chinese conglomerate Alibaba is reportedly offering steep price cuts to its cloud customers. These markdowns — as high as 59% and aimed at customers from the U.S. to Singapore — come amid a leap in demand for cloud computing to support artificial intelligence (AI) projects, Bloomberg News reported Monday (April 8). The company has cut prices by an average …
Alibaba Group Holding’s cloud computing unit has slashed prices for international customers by up to 59 per cent, as the tech giant fights to woo users amid a global race for computing resources driven by rapid artificial intelligence (AI) development. The international cloud business of Alibaba, which owns the South China Morning Post, is facing …
Wall Street is a stomping ground for innovation. Since the advent of the internet three decades ago, there have been a long list of next-big-thing trends and innovations that have come down the line, including genome decoding, 3D printing, blockchain technology, and the metaverse, just to name a few. However, none of these trends offers …
David Tepper amassed a fortune of $20.6 billion by making plenty of smart decisions. Some investors will probably question one of his recent decisions, though. In the fourth quarter of 2023, Tepper sold nearly 23% of his Appaloosa Management hedge fund’s position in Nvidia (NASDAQ: NVDA). In retrospect, that doesn’t appear to be a great …
Topping the latest table of achievements was an artificial intelligence model from tech giant Huawei that can forecast the weather – including temperature, humidity and wind speed – more accurately than traditional predictions based on computing power. The model, named Pangu-Weather, was trained on decades of observation data and is able to predict the weather …
(Bloomberg) — JD.com Inc. took less than a day to respond to Alibaba Group Holding Ltd.’s price cuts in cloud computing services with its own sharp reductions, an aggressive round of competition that will benefit customers and erode profits at China’s leading technology companies. Most Read from Bloomberg Alibaba began slashing prices by as much …
(Bloomberg) — Alibaba Group Holding Ltd. is rolling out its second major price cut for cloud services in years, aiming to win back users from rivals like Tencent Holdings Ltd. competing to provide the tools critical to training artificial intelligence. Most Read from Bloomberg The Chinese internet pioneer will slash prices starting Thursday on scores …
(Bloomberg) — Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizeable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth. Most Read from Bloomberg Alibaba joins Tencent Holdings Ltd. and Silicon Valley peers like Microsoft …
Chinese tech giants Alibaba and Baidu have pulled out of the quantum computing race after shutting down their research units just over a month apart from each other. But experts say it would be premature to read this any marked cooling of China’s overall interest in quantum computing. Last November, the e-commerce and cloud computing …