Alibaba has released over 100 new open-source artificial intelligence (AI) models, significantly expanding its AI offerings in a bid to compete with major players in both China and the U.S. The new models,

Chinese technology company Alibaba released on Thursday new open-source artificial intelligence models and text-to-video AI technology, intensifying its efforts to compete in the booming area of generative AI.

Alibaba on Thursday released Qwen 2.5, a new set of open-source artificial intelligence models. TakeAway Points: Alibaba enhanced the capabilities of its in-house technology on Thursday and released over 100 open-source artificial intelligence models.

Cloud Leader Unveils 100 Open-sourced Qwen 2.5 Multimodal Models and New Text-to-Video AI Model to Bring Visual Creations to a Higher Level Revamped Cloud Infrastructure is Introduced to Maximize Values for Customers Alibaba Cloud,

Alibaba is hoping its latest AI offerings may tempt customers around the world to sign up to its cloud services.

Revealed at the company’s Apsara Conference, the new model series follows the release of the company’s foundation model Tongyi Qianwen, or Qwen, last year. Since then, the Qwen models have been downloaded more than 40 million times across platforms such as Hugging Face and Modelscope.

HANGZHOU—Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, recently announced it has released over 100 of its newly launched large language models, Qwen 2.5, to the global open-source community.

Alibaba stock is higher Thursday after the Chinese e-commerce giant released over 100 AI models, but Wall Street was already bullish on BABA.