In an effort to launch its own version of ChatGPT, Alibaba Cloud will need to consider the impact of regulations in China and the impact of competitors.
Alibaba Cloud, a major subsidiary of Chinese multinational tech giant Alibaba Group Holdings Ltd (HKG:9988), is said to be preparing to launch its rival ChatGPT in what has become a major tech craze today. like mentioned By Bloomberg, Alibaba Cloud is sending invite codes to some of its corporate customers to help them test the new application using Language Large Models (LLMs) which are the brains behind making ChatGPT work.
The name of the new app from the tech giant “Tongyi Qianwen” is partly borrowed from the philosopher Mencius. The name is translated as “Truth from a Thousand Questions” and it aptly describes the role the new app will play in Alibaba’s tech ecosystem.
That every tech company is now looking to launch their own chatbot is no accident as the fight for dominance in search engine and digital advertising is rising to a whole new pedestal. The advent of ChatGPT by OpenAI saw more than 100 million users within its first few months, sparking a shift in the conversational approach of chat applications.
While it remains unclear how Alibaba hopes to use its own version of ChatGPT, the tech giant supports some of the most visited apps in China and the Asian continent ranging from WeChat to the company’s e-commerce marketplace.
With the test, Alibaba wants users to record and report their findings, but as noted, the chatbot may only work for Chinese users since the instructional language is Mandarin. The proposed launch date may then be decided when Alibaba Cloud CEO Daniel Zhang prepares to give a speech at a technology summit the company is slated to host.
Alibaba Cloud and ChatGPT: Regulation and Competition
In an effort to launch its own version of ChatGPT, Alibaba Cloud will need to consider the impact of regulations in China and the impact of competitors.
The Chinese tech ecosystem is experiencing some form of freedom as the Xi Jinping government has been meddling in the sector since 2020. While the regulations governing AI are in place, there are concerns that they may not be able to account for the level of sophistication that LLM applications can offer. .
Although the ChatGPT-like app clamor is most popular with US companies such as Alphabet Inc (NASDAQ: GOOGL) and Microsoft Corporation (NASDAQ: MSFT), Chinese companies are also beginning to enter the industry with terminal interest.
For Alibaba Clouds to thrive in its long-term pursuit, it must consider the impact of competition from companies like Baidu Inc which launched Ernie, its chatbot built with similar technology.
Alibaba investors are happy with the latest events and the price has risen by 2.20% over the past 24 hours to HK$97.75.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations to drive public acceptance and global integration of the emerging technology. His desires to educate people about cryptocurrencies have inspired his contributions to popular blockchain-based media and websites. Benjamin Godfrey is a fan of sports and farming.