For Chinese Users, Alibaba Cloud Will Support a Meta AI Model. Why Is It Such a Big Deal?

July 26, 2023

For Chinese Users, Alibaba Cloud Will Support a Meta AI Model. Why Is It Such a Big Deal?

In a critical moment for the global AI competition, Alibaba cloud unit is delivering Meta Platform’s open-source artificial intelligence model to its clients.

Meta’s approach will now be available to Chinese firms and developers. It’s a bit surprising, given that Alibaba (BABA) has been working on its own AI model, Tongyi Qianwen, in recent months. It may also have geopolitical repercussions, given the United States’ efforts to restrict Chinese access to American AI technology.

According to Reuters, Alibaba Cloud has provided the first training and deployment solution for the complete Llama 2 series in China, encouraging all developers to design bespoke big models on Alibaba Cloud.

Llama 2, Meta’s latest AI language model, was published earlier this month as free open — source software, which means it may be used, shared, and changed. Last month, Microsoft revealed that Llama 2 will be offered to Azure cloud subscribers.

Meta stated that while Microsoft was its preferred partner for the open-source AI model, it was available to anybody for study and commercial usage.

In premarket trading on Wednesday, Meta stock surged 1.8%, while Alibaba’s American depositary receipts increased 0.9%.

Subscribe Our Newsletter

European Stock Markets Slide Despite UK Economy Posting Strong Growth
European Stock Markets Slide Despite UK Economy Posting Strong Growth

The FTSE 100 dipped 0.2% on the day in London, recouping previous losses, with travel and leisure and technology leading the drops. In France, the CAC fell 1.3%, while Germany's DAX fell 0.5%.

Stocks
Ethereum In 2022: What Is Money In The Metaverse?
Ethereum In 2022: What Is Money In The Metaverse?

At the beginning, Ethereum has mostly been used as a platform for trading and lending crypto assets (Uniswap and Aave), as well as a platform for purchasing and selling digital art (OpenSea).

Crypto
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Anna

A Brief and Comprehensive Guide to Spot Trading.
Spot market (SM) is a very active and highly liquid market that trades various financial instruments. A distinctive feature of the spot market is that orders here are executed instantly at the current rate for the time of the trade.

discover
Head and Shoulders Pattern — What is It and How to Identify It?

Constantine

Head and Shoulders Pattern: What is it, and How to Master it

Learn what head and shoulders patterns are, what types there are, and what to consider when trading with them.

Trading
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors

    Hazem

    The Cup and Handle Pattern – How Trade Using This Bullish Indicator?

    Cup and Handle Pattern – How to Predict Price Breakouts?

    Hazem

    Year-Over-Year (YoY): What It Means? How It’s Used in Finance?

    Year-Over-Year (YoY): How to Calculate Business Performance?

    Constantine

    What is WAGMI and NGMI? Understanding Crypto Slangs

    WAGMI vs. NGMI

    Alexander

    Litecoin Mining Guide: How to Get Started in 2025?

    Litecoin Mining Guide: How to Get Started in 2025?

    Constantine

    What is Thruster (THRUST): An Advanced AMM for the Blast Ecosystem

    Thruster (THRUST): How Does it Revolutionise DeFi?

    Constantine

    How Does Polymarket Work? Detailed Guide

    How Does Polymarket Work? Comprehensive Guide

    Constantine

    Coinbase vs. Сoinbase Pro: Which Platform is Right for You?

    Coinbase vs. Coinbase Pro
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.