HONG KONG : Alibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers in beta form, as it ramps up its offerings in the fast-growing AI sector.The image generator, Tongyi Wanxiang, will compete with OpenAI's DALL-E and Midjo
HONG KONG : Alibaba Group Holdings Ltd announced on Friday an artificial intelligence image generator, initially available to enterprise customers in beta form, as it ramps up its offerings in the fast-growing AI sector.
The image generator, Tongyi Wanxiang, will compete with OpenAI's DALL-E and Midjourney Inc's Midjourney, U.S.-based rivals that have gained a large following worldwide. Alibaba Cloud, recently formed from a massive overhaul that split the Chinese tech major into six units, has also released a ChatGPT-like text generator, Tongyi Qianwen, which was launched in April.
Several large Chinese tech companies are moving aggressively to roll out AI products and services following the success of OpenAI's ChatGPT chatbot. McKinsey estimates that generative AI could eventually add $7.3 trillion in value to the world economy each year. Baidu Inc and SenseTime Group Inc also recently unveiled AI image generators, although generative AI services have yet to receive regulatory approval for wide distribution in China.The Tongyi Wanxiang image generator, which roughly translates as"truth from tens of thousands of pictures", was revealed at the World Artificial Intelligence Conference in Shanghai on Friday.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Torrential rains kill at least 15 in southwest ChinaBEIJING: Fifteen people are dead and four are missing after torrential rain lashed the Chinese metropolis of Chongqing, local officials and state media said on Wednesday (Jul 5). 'The latest round of torrential rains since Monday had killed 15 people and left four others missing in southwest C
Read more »
Torrential rains kill at least 15 in southwest ChinaBEIJING — 15 people are dead and four are missing after torrential rain lashed the Chinese metropolis of Chongqing, local officials and state media said Wednesday (July 5).
Read more »
Philippine Coast Guard says China harassed, obstructed resupply mission ships in SpratlysThe Philippine Coast Guard says two of its ships were blocked by larger Chinese Coast Guard vessels on June 30. Read more at straitstimes.com.
Read more »
Rain kills 15 in south-west China, as President Xi urges better defencesChina has been battered by devastating floods and unusually high temperatures in recent weeks. Read more at straitstimes.com.
Read more »
China bank shares slump in Hong Kong after Goldman downgradesSHANGHAI: Chinese banking shares listed in Hong Kong tumbled on Wednesday (Jul 5) after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised questions over the sector's financial health. The Hang Seng Mainland Banks Index dropped more than 3 per cent, o
Read more »
Chinese AI startup Fourth Paradigm receives China's nod for Hong Kong IPOHONG KONG : Beijing Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the nod from China's securities regulator since new rules became effective this year.The company has successfully complet
Read more »