Alibaba's New Math AI Models Outshine US Counterparts: Report
Portfolio Pulse from Anusuya Lahiri
Alibaba Group Holding Ltd (NYSE:BABA) has launched new large language models (LLMs) focused on mathematics, named Qwen2-Math, which reportedly outperform OpenAI's GPT-4o in mathematical tasks. The models are developed by Alibaba's cloud computing unit, which also announced a price increase on its domain name auction platform and a 3% year-over-year revenue increase in Q4. BABA shares traded higher by 0.85% premarket.
August 12, 2024 | 12:30 pm
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Alibaba's new math-focused AI models, Qwen2-Math, reportedly outperform OpenAI's GPT-4o, potentially boosting its cloud computing unit's reputation and revenue. The unit also announced a price increase on its domain name auction platform and reported a 3% YoY revenue increase in Q4. BABA shares traded higher by 0.85% premarket.
The launch of advanced AI models that outperform a leading competitor's product is likely to enhance Alibaba's reputation in the AI and cloud computing sectors. The reported revenue increase and price adjustments in its cloud unit further support a positive short-term outlook for BABA shares.
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