Alibaba launches Qwen2-Math to enhance mathematical reasoning with generative AI

From Nasdaq: 2024-08-12 12:28:00

Alibaba is boosting technological innovation with generative AI. The launch of Qwen2-Math, a group of maths-specific large language models, aims to enhance reasoning capabilities for complex mathematical problems. This move will strengthen Alibaba’s cloud computing unit and appeal to students and mathematicians. The generative AI market is expected to reach $356.10 billion by 2030, providing Alibaba with a solid growth opportunity to capitalize on its expanding AI offerings. The company’s AI programmer and Model Studio updates will support application development and global marketplaces like AliExpress and Lazada. The launch of the AI programming assistant Tongyi Lingma will improve efficiency for developers, boosting Alibaba’s long-term prospects.

Alibaba faces stiff competition from players like Microsoft, Amazon, and Alphabet in the generative AI market. Despite facing challenges, Alibaba’s shares have gained 5.4% year-to-date, underperforming industry returns. Microsoft, Amazon, and Alphabet are also making strides in generative AI solutions, like Azure OpenAI Service copilot templates, AI-powered assistants, and new open generative AI models, respectively. While the competition is fierce, Alibaba’s growing generative AI efforts will play a key role in its future prospects.



Read more at Nasdaq: Alibaba (BABA) Boosts Generative AI Efforts With Qwen2-Math