Alibaba Group Holding Limited (NYSE:BABA) and SenseTime highlighted significant progress in artificial intelligence at the World Artificial Intelligence Conference (WAIC) in Shanghai, signaling intense competition in China's AI market.
SenseTime unveiled updated versions of its SenseNova large language models (LLMs), including SenseNova 5.5, which boasts a 30% performance improvement over its predecessor.
SenseTime co-founder and CEO Xu Li cited data from OpenCompass to claim that SenseNova 5.5 outperformed GPT-4 in five of eight key metrics, SCMP reports.
Alibaba's cloud computing unit showcased growth in user numbers for its Tongyi Qianwen LLMs, with downloads doubling to over 20 million in the past two months.
Alibaba Cloud's chief technology officer, Zhou Jingren, reported a 150% increase in customers using Alibaba Cloud Model Studio, reaching 230,000. Alibaba stock is trading lower on Monday.
Last week, Baidu launched its latest LLM, Ernie 4.0 Turbo, firing up price rivalry with Microsoft Corp (NASDAQ:MSFT) OpenAI's GPT-4 model, Alibaba, and others.
Baidu priced Ernie 4.0 Turbo at 30 yuan ($4.13) per 1 million input tokens and 60 yuan per 1 million output tokens. The company also announced that earlier versions of Ernie will see up to 83% price reductions.
Price Actions: BABA shares were trading lower by 1.17% at $73.65 in the premarket session at the last check on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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