Alibaba unveils GPT-4 competitor "Tongyi Qianwen 2.0" and eight industry-specific models

Alibaba has announced an update to its GPT-4-like model, Tongyi Qianwen, and launched a series of eight industry-specific AI models. The update was announced by Alibaba's cloud computing arm at its annual conference in Hangzhou. The new version, Tongyi Qianwen 2.0, reportedly has hundreds of billions of parameters, making it one of the world's most powerful AI models by that measure. The industry-specific models are designed for the entertainment, finance, healthcare, and legal sectors. Alibaba chairman Joe Tsai also revealed that about half of China's large-scale AI models are now running on Alibaba Cloud, and that Alibaba's AI model-sharing platform, ModelScope, has 2,300 models and 2.7 million contributing developers.