Alibaba collaborates with Lee Kai-fu's AI start-up as consolidation in China's tech sector advances - PRESS AI WORLD
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Alibaba collaborates with Lee Kai-fu's AI start-up as consolidation in China's tech sector advances

share-iconFriday, January 03 comment-icon2 weeks ago 8 views
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scmpSCMP
Alibaba collaborates with Lee Kai-fu's AI start-up as consolidation in China's tech sector advances

Credited from: SCMP

  • Alibaba Cloud has partnered with 01.AI, a start-up founded by Lee Kai-fu, to develop artificial intelligence models.
  • The collaboration aims to create a comprehensive AI industrial large model laboratory for advanced solutions.
  • 01.AI, established in May 2023, reached unicorn status within six months, supported by Alibaba's investment.
  • The move comes amid ongoing price wars in China's AI sector, prompting companies to seek partnerships.
  • Recent cost cuts by Alibaba reflect efforts to remain competitive in the rapidly evolving AI market.

For more details, visit the original article.

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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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