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Chinese tech giant Alibaba will introduce rival ChatGPT
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Chinese tech giant Alibaba will introduce rival ChatGPT

created Lukasz KlufczynskiApril 12 2023

In recent months, tech companies around the world have revealed their own so-called. generative AI chatbots. Alibaba joins the increasingly crowded field of Chinese tech companies racing to develop a domestic response to ChatGPT. Chinese tech giant Alibaba yesterday announced plans to launch its own artificial intelligence (AI) style product called ChatGPT Tongyi Qianwen.

Tongyi Qianwen can be translated into something like: truth from a thousand questions. The system so far includes both English and Mandarin responses, and Daniel Zhang, president and CEO of Alibaba Group and CEO of Alibaba Cloud, said it would be integrated across all Alibaba products, but gave no details on the timeline.

“We are at a technological breakthrough driven by generative AI and cloud computing, and enterprises across all sectors have started embracing intelligence transformation to stay ahead of the game”, added CEO Daniel Zhang.

In a separate press release, Alibaba Cloud said the bot will first be deployed by the Slack-like workplace communication platform DingTalk, allowing people to use it for tasks such as composing emails, summarizing meeting notes, and drafting business proposals. In turn, the company's Tmall Genie IoT platform will use it to integrate new interactive features, such as recommending healthy food recipes, offering travel tips and suggesting background music for training sessions.

The race of artificial intelligence is gathering pace

Since OpenAI released ChatGPT late last year, many competitors have flooded the market. Generative AI is able to learn from past data to create content indistinguishable from human work. ChatGPT can answer questions using natural, human-like language and can also mimic other writing styles using the internet as it was in 2021 as its database.

Microsoft spent billions of dollars on technology that was added to its Bing search engine in February. The US software giant has also said it will embed a version of ChatGPT into its Office apps including Word, Excel, PowerPoint and Outlook. company A and Chinese tech group Baidu also announced their own AI models and released Barda, Tencent (TCEHY) is working on its own version called HunyuanAide, and Baidu (BIDU) has released the ERNIE bot.

Last month, a group of high-profile tech figures called for the suspension of training of powerful AI systems over fears of a threat to humanity. Twitter CEO Elon Musk and Apple co-founder Steve Wozniak were among those who signed an open letter warning of the potential risks and said the race to develop AI systems is out of control.

Another AI chatbot is being created, this time it's "socialist"

However, it seems that Chinese tech companies have more limitations than their American counterparts. China's Cyberspace Administration recently issued a statement that generative AI must continue to adhere to "core socialist values." Under the proposed rules, companies would be responsible for the legality of the data used to train the technology. The public has until May 10 to provide feedback on the proposals.

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About the Author
Lukasz Klufczynski
Chief Analyst of InstaForex Polska, with the Forex market and CFD contracts since 2012. He gained his knowledge in many financial institutions, such as banks and brokerage houses. He conducts webinars in the field of technical and fundamental analysis, investment psychology and MT4/MT5 platform support. He is also the author of many expert articles and market commentaries. In his trading, he puts emphasis on fundamental elements, relying on technical analysis.
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