Alibaba shares are trading higher amid reports the company is launching two open-sourced AI models to rival Meta.
Portfolio Pulse from Benzinga Newsdesk
Alibaba is reportedly launching two open-sourced AI models, which is causing its shares to trade higher. This move is seen as a direct competition to Meta.
August 04, 2023 | 2:08 pm
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Alibaba's shares are trading higher due to the announcement of launching two open-sourced AI models. This could potentially increase the company's competitiveness against Meta.
The launch of the two AI models by Alibaba is a significant move that could enhance its competitive edge against Meta. This has led to an increase in the company's share price as investors anticipate potential growth and profitability from this initiative.
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