Nvidia's stock surge has made three of its board members billionaires, including Jensen Huang, Robert Bailey and Mark Stevens. The company's remarkable performance is likely due to the growing demand for artificial intelligence and graphics processing units (GPUs). Meanwhile, in Malaysia, WeChat and TikTok have been granted licenses to operate under a new law, allowing them to continue operating in the country. In other news, Alibaba is selling its stake in Sun Art to a buyout firm at a discounted price, while Apple is offering discounts on iPhones in China as competition intensifies.
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidias-remarkable-stock-surge-mints-three-board-billionairesAlibaba has introduced its own large language model (LLM) focused on enterprise customers, unlike consumer-focused models like OpenAI's ChatGPT. The company's Qwen models have been deployed by over 90,000 enterprise customers since May. This move is part of a trend in China where tech giants such as Tencent, Baidu, JD.com, Huawei and ByteDance are developing their own LLMs. Experts believe this shift could democratize AI capabilities, allowing smaller startups to compete with massive tech companies and enabling traditional businesses to adopt state-of-the-art technology.
https://www.pymnts.com/artificial-intelligence-2/2024/alibaba-plans-major-discounts-on-ai-large-language-models/Alibaba's cloud unit has announced a significant price cut for its large language models, with discounts ranging from 50% to 85%. The move is aimed at making the technology more accessible to businesses and developers.
https://channelnewsasia.com/business/alibabas-cloud-unit-announces-big-price-cuts-large-language-models-4832821Alibaba Cloud has reduced the price of its visual reasoning artificial intelligence model, Qwen-vl-max, by up to 85% as a price war rages on in China's domestic AI services market. The move is Alibaba's third AI price cut this year and comes after ByteDance, parent company of TikTok, launched a similar visual model in mid-December. With the new pricing, Qwen-vl-max will now cost 0.003 yuan (US$0.00041) per thousand input token uses, positioning it as a direct competitor to ByteDance's model.
https://www.scmp.com/tech/big-tech/article/3292916/alibaba-cuts-ai-visual-model-cost-85-last-day-year-price-war-rages?module=top_story&pgtype=section