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    Home » Chinese tech giant Alibaba working on a ChatGPT rival; shares jump
    Tech

    Chinese tech giant Alibaba working on a ChatGPT rival; shares jump

    Bhagyashree SoniBy Bhagyashree SoniFebruary 8, 2023No Comments
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    Chinese tech giant Alibaba working on a ChatGPT rival; shares jump
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    Alibaba mentioned it’s engaged on a rival to ChatGPT, the factitious intelligence chatbot that has induced pleasure internationally. Alibaba mentioned its personal product is presently present process inner testing.

    Kuang Da | Visual China Group | Getty Images

    Chinese e-commerce big Alibaba advised CNBC Wednesday that it’s engaged on a rival to ChatGPT, becoming a member of the flurry of tech companies to leap on board the chatbot hype.

    An organization spokesperson mentioned the corporate is engaged on a ChatGPT-style of know-how and it’s presently being examined internally on the agency.

    Alibaba shares jumped 3% in pre-market commerce within the U.S.

    The transfer comes as tech firms globally look to leap on the thrill generated by ChatGPT, a man-made intelligence chatbot created by OpenAI. Users can ask ChatGPT questions on all kinds of matters, write essays and even generate code.

    ChatGPT falls into the class of generative AI, a kind of synthetic intelligence that can be utilized to create textual content or photographs. It is powered by a big language mannequin, that means it makes use of giant swathes of information to grasp and generate dialog.

    Alibaba mentioned it has been engaged on generative AI since 2017. The firm didn’t give a timeline for when it might launch its ChatGPT rival.

    ChatGPT has sparked considerably of an AI arms race among the many world’s greatest tech gamers. Microsoft invested in OpenAI and this week introduced an AI-powered Bing search engine and Edge browser, which can be underpinned by ChatGPT know-how.

    Also this week, Google introduced its synthetic intelligence chatbot know-how known as Bard, as a part of a “code red” plan to reply to the problem posed by ChatGPT.

    Chinese search big Baidu mentioned this week it’s testing its personal chatbot known as “Ernie bot” in English or “Wenxin Yiyan” in Chinese. The announcement despatched shares skyrocketing, highlighting investor pleasure over the know-how.

    Alibaba, one among China’s greatest cloud computing gamers and the nation’s greatest e-commerce firm, hinted that its personal chatbot may very well be built-in into its merchandise.

    “As a technology leader, we will continue to invest in turning cutting-edge innovations into value-added applications for our customers as well as their end-users through cloud services,” an Alibaba spokesperson advised CNBC.

    On Wednesday, NetEase, one among China’s largest gaming companies, mentioned that its training subsidiary Youdao has been engaged on generative AI. A spokesperson advised CNBC that the corporate is utilizing giant language fashions in a few of its training productions.

    NetEase didn’t say it will launch a ChatGPT rival. It disclosed that a few of its new merchandise can be introduced quickly, however didn’t present a particular timeline.

    Source: www.cnbc.com”

    Alibaba Group Holding Ltd Alphabet Class A Alphabet Class C artificial intelligence Baidu Inc Business news internet Microsoft Corp
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    Bhagyashree Soni
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    Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social cause and entrepreneurship is her forte.

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