Hangzhou-headquartered Alibaba (BABA) released more than 100 new open-source AI models, and text-to-video AI tools on Thursday, amid a dramatic buildout of artificial intelligence applications globally, Arjun Kharpal writes for CNBC. Alibaba want to hold pace with its domestic competition like Baidu (BIDU) and Huawei, “as well as U.S. titans like Microsoft (MSFT) and OpenAI,” noted the CNBC story.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Playtika to acquire SuperPlay, Intel says not selling Mobileye: Morning Buzz
- GoTo cloud deal ties Alibaba as owner for five years, Bloomberg reports
- PDD, BABA, or JD: Which Chinese E-Commerce Giant Is a Good Investment?
- Alibaba Share Stability and Repurchase Report
- Boeing factory workers strike halts 737 MAX production: Morning Buzz