Alibaba CEO Wu Yongming: The entry threshold for advanced models will increase to tens of billions or even hundreds of billions of US dollars.
The greatest imagination of generative AI is not to create one or two new super apps on mobile screens, but to take over the digital world and transform the physical world. The entry threshold for the next stage of advanced models is on the scale of tens of billions or hundreds of billions of dollars. And robots will be the next industry to undergo tremendous changes, where all movable objects in the future will become intelligent robots.
The heavy-duty open source Qwen2.5 from Tongyi surpasses Llama in performance.
On September 19th, at today's Yunqi Conference, Alibaba Cloud CTO Zhou Jingren released the new generation open source model Qwen2.5. Among them, the flagship model Qwen2.5-72B outperforms Llama 405B, once again claiming the global open source large model throne. Qwen2.5 covers large language models, multimodal models, mathematical models, and code models of various sizes, each with basic, directive-following, and algorithmic versions, with a total of over 100 models on the shelf, breaking the industry record. As of mid-September 2024, the cumulative download volume of the open source model Qwen2.5 has exceeded.
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Express News | China concept stocks rose before market, xpeng rose 5%, alibaba rose 4%, li auto inc rose over 3%.
Express News | Alibaba International releases the latest open source multimodal model Ovis.
Alibaba Ups The Ante With Open-Source AI Models & Text-to-Video Technology
Goldman Sachs: Mainland China's e-commerce participation in August increased by 8%, and Alibaba's DAU share remained stable at 41%.
Goldman Sachs released a research report, indicating that according to the statistics from QuestMobile, the total usage time of the top 400 mobile applications (APPS) in China increased by 6% YoY in August this year, faster than the 4% growth in July. The growth rate of e-commerce APPs reached 8%, slower than the 15% growth in July, while gaming APPs slightly declined by 1% compared to the same period last year. Specifically, user engagement on e-commerce platforms remains robust, with JD.com (09618.HK)(JD.US) and PDD Holdings (PDD.US) experiencing YoY growth in usage time of 24% and 16% respectively, while Alibaba's (0
Alibaba Makes Over 100 Large Language Models Open Source
Express News | Alibaba Cloud: Unveiled a Revamped Full-Stack Infrastructure Designed to Meet Demands for Robust AI Computing
Express News | Alibaba Cloud: Released Over 100 of Newly-Launched Large Language Models, Qwen 2.5, to Global Open-Source Community
Express News | Aliyun announced the release of Qwen 2.5 and launched over 100 models.
Three block order models of Tongyi are once again reduced in price, with a maximum reduction of 85%.
On September 19, Glehalong|Following a significant price reduction in May, the three main models of the Qianwen Platform on Aliyun's Bai Lian Platform were reduced in price again today. Qwen-Turbo's price has been reduced by 85%, to as low as 0.3 yuan per million tokens. Qwen-Plus and Qwen-Max have been reduced in price by 80% and 50% respectively. Among them, Qwen-Plus's reasoning ability is on par with GPT4 and can be applied to complex tasks. It is the optimal choice in terms of effectiveness, speed, and cost balance. After the price reduction, Qwen-Plus has the highest cost performance in the industry, with a price reduction of 84% compared to industry prices for the same scale.
Express News | Daiwa: Tencent and Ctrip are the preferred choices among mainland technology companies, with the target price of Meituan raised to HK$160.
Dahua Rating | Daiwa: Tencent and Ctrip are the first choice among mainland technology companies, and Meituan's target price has been raised to HK$160.
On September 19th, Ganglonghui released a research report stating that among mainland technology companies, Tencent and Ctrip are the preferred choices, followed by Meituan, PDD Holdings, and Alibaba. The target price for Meituan has been raised from HKD 145 to HKD 160. The firm has noticed the main positive factors of Meituan and Ctrip, and believes that Ctrip's hotel business is ready to further improve its market share in the next two years, with the main catalyst being the increase in revenue contribution from international tourism business; while Meituan's total transaction volume of in-store commodities recorded a year-on-year growth of over 40% in July and August, and its food delivery business has seen economical improvement due to lower delivery costs.
Hong Kong stocks are volatile | The Hang Seng Index rose more than 3.5% in the afternoon, as the Federal Reserve announced aggressive interest rate cuts, leading internet companies started a wave of dividend repurchases.
The Hang Seng Tech Index fluctuated and rose throughout the day, rising more than 3.5% at one point in the afternoon. As for the constituent stocks, as of the time of publication, jd.com-S (09618) rose 6.52%, closing at HKD 111.1; Kuaishou-W (01024) rose 5.23%, closing at HKD 42.25; Alibaba-W (09988) rose 3.62%, closing at HKD 85.85; Meituan-W (03690) rose 3.73%, closing at HKD 133.4; Tencent (00700) rose 2.21%, closing at HKD 388.4.
Express News | The flagship model Qwen-Max of Tongyi has been upgraded, with performance close to GPT-40.
AI Likely Key Driver of Equity Market Returns -- Market Talk
Express News | Xpeng CEO He Xiaopeng: With the rapid improvement of end-to-end model capabilities, it is expected to achieve L4 autonomous driving.
Express News | xpeng accelerates the landing of end-to-end autonomous driving and deepens cooperation with Aliyun AI computing power.
Alibaba CEO Wu Yongming: Robots will be the next industry to undergo tremendous changes.
Gelonghui September 19th | alibaba Group CEO, alibaba Cloud asia vets Group director and CEO Wu Yongming delivered a keynote speech at the 2024 Yunqi Summit held today. He believes that in the past 22 months, the speed of AI development has exceeded that of any historical period, but we are still in the early stages of the AGI revolution. The greatest imagination of generative AI is not to create one or two new super apps on the mobile screen, but to take over the digital world and change the physical world. Wu Yongming's core points are as follows: 1. The speed of AI development has surpassed any historical period, but it is still in the early stages of the AGI revolution. 2. The next stage